Which one of the following generally pays a fixed dividend,receives first priority in dividend payment,and maintains the right to a dividend payment,even if that payment is deferred?

Question

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Cumulative preferred shareholders typically receive a fixed dividend and have priority in dividend payments over common shareholders. Furthermore, if a dividend payment is deferred, cumulative preferred shareholders still maintain the right to receive their dividend before any payments are made to common shareholders.

Which One of the Following Generally Pays a Fixed Dividend,receives