Preferred stock can have the following characteristic_______________?

Question

Quizplus · Accepted Answer

Preferred stock can have all of these characteristics - cumulative, non-cumulative and convertible. Cumulative preferred stock allows for any missed dividend payments to accrue and be paid at a later date. Non-cumulative preferred stock does not allow for missed dividends to accrue. Convertible preferred stock can be converted into a certain number of common shares at the holder's discretion.

Preferred Stock Can Have the Following Characteristic_______________