The following are characteristics of preferred stock except:
I.pays fixed dividends;
II.can demand payments of cumulative dividends;
III.has voting rights
A)I only
B)I and II only
C)III only
D)II only

Question

Quizplus · Accepted Answer

Preferred stock typically does not have voting rights, unlike common stock. However, it does usually pay fixed dividends and may have the ability to demand payments of cumulative dividends. Therefore, statements I and II are characteristics of preferred stock, while statement III is not.

The Following Are Characteristics of Preferred Stock Except