The preferred stock ________.

Question

Quizplus · Accepted Answer

The statement "has historically been issued largely by utilities, accounting for more than half of each year's issuance" is correct. Thus, only option B is the correct answer. Option A is incorrect as preferred stock is not a large part of the financial system in terms of a source of new financing. Option C is incorrect as young growth companies primarily issue common stock rather than preferred stock. Option D is incorrect as only option B is correct.

The Preferred Stock ________