Preferred stock which confers rights to prior periods' unpaid dividends even if they were not declared is called:

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Cumulative preferred stock confers rights to prior periods' unpaid dividends even if they were not declared. Noncumulative preferred stock does not offer this feature. Participating preferred stock allows the holder to receive additional dividends beyond the stated rate if certain conditions are met. Convertible preferred stock can be converted into a certain number of common shares, while callable preferred stock can be redeemed by the issuer.

Preferred Stock Which Confers Rights to Prior Periods' Unpaid Dividends