If preferred stock is---------- , its owners must receive the stated dividends for both the current year and any prior years in which the stated dividend was not paid before the common stockholders can receive any dividend.

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The Answer of If preferred stock is---------- , its owners must receive the stated dividends for both the current year and any prior years in which the stated dividend was not paid before the common stockholders can receive any dividend.

If Preferred Stock Is---------- , Its Owners Must Receive the Stated