Felicia purchased some stock last year. She was disappointed at the end of the year when she realized that she would not have the opportunity to vote in the company election, but she was very pleased when she received a cash payout from the company at the end of the following quarter. Felicia most likely owns ________ stock.
A) preferred
B) treasury
C) common
D) secured
E) convertible

Question

Quizplus · Accepted Answer

Preferred stock typically does not come with voting rights, which explains why Felicia couldn't vote in the company election. However, preferred shareholders are often entitled to receive dividend payments before common shareholders, which aligns with Felicia's experience of receiving a cash payout.

Felicia Purchased Some Stock Last Year