If all preferred dividend payments that have been missed must be paid before any common stock dividend can be paid,the preferred stock is called ________ preferred stock.

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Cumulative preferred stock requires that any missed dividend payments must be made before any dividends can be paid to common stockholders. Participating preferred stock allows holders to receive additional dividends beyond their stated rate if the company's profits exceed a certain level. Nonparticipating preferred stock does not allow holders to receive additional dividends beyond their stated rate. Voting and dual class are not related to dividend payments.

If All Preferred Dividend Payments That Have Been Missed Must