What is the key difference between an ordinary preferred stock and a money market preferred stock?
A)Issuer
B)Maturity
C)Fixed versus floating dividend
D)Voting rights
E)Absence of any dividend

Question

Quizplus · Accepted Answer

Money market preferred stock typically has a floating dividend rate that adjusts with market interest rates, whereas ordinary preferred stock usually has a fixed dividend rate.

What Is the Key Difference Between an Ordinary Preferred Stock