Which of the following is incorrect with respect to preferred stock?
A)Preferred stock is largely owned by other companies rather than individual investors.
B)Preferred stock takes preference over common stock in bankruptcy proceedings.
C)Preferred stock dividends do not grow.
D)All of these statements are correct.

Question

Quizplus · Accepted Answer

All the statements provided are correct regarding preferred stock. Preferred stock is typically owned by companies, has priority over common stock in bankruptcy, and generally pays fixed dividends that do not grow.

Which of the Following Is Incorrect with Respect to Preferred