What type of preferred stock has appeared recently that carry a lower cost?
A)Cumulative preferred stock
B)Noncumulative preferred stock
C)Convertible preferred stock
D)Trust preferred stock
E)None of the options is correct.

Question

Quizplus · Accepted Answer

Trust preferred stock has appeared more recently and is known for carrying a lower cost compared to traditional forms of preferred stock. This is because it combines the features of both debt and equity, offering tax advantages and flexibility in terms of cost.

What Type of Preferred Stock Has Appeared Recently That Carry