The following are characteristics of preferred stock except it
I.pays fixed dividends;
II.can demand payments of cumulative dividends;
III.has voting rights
A)I only
B)I and II only
C)III only
D)II only

Question

Quizplus · Accepted Answer

Preferred stock typically does not have voting rights, so statement III is false. Statements I and II are true characteristics of preferred stock.

The Following Are Characteristics of Preferred Stock Except It