With preferred stocks,the right to vote is usually granted to a shareholder only in the event that dividends due are not paid.

Name: With preferred stocks,the right to vote is usually granted to a shareholder only in the event that dividends due are not paid.
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Question

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Preferred stockholders typically do not have voting rights unless the company fails to pay the promised dividends, at which point they may gain voting rights until the issue is resolved.

With Preferred Stocks,the Right to Vote Is Usually Granted to a Shareholder