________ is a class of stock, not a debt instrument, but it shares characteristics of both common stock and debt.

Question

Quizplus · Accepted Answer

Preferred stock is a type of stock that shares characteristics of both common stock and debt instruments. It typically provides dividends before common stock and has priority over common stock in the event of liquidation, but it does not have the voting rights that common stock does.

________ Is a Class of Stock, Not a Debt Instrument