Which of the following is NOT typically a feature of common stock?
A) Most common stock is callable.
B) Most common stock is cumulative.
C) Common stock may or may not pay dividends.
D) More than one of the above statements is not true of common stock.

Question

Quizplus · Accepted Answer

Common stock is typically neither callable nor cumulative. Callable refers to the issuer's right to repurchase the stock, which is more common with bonds or preferred stock. Cumulative refers to the accumulation of unpaid dividends, which is a feature of preferred stock, not common stock.

Which of the Following Is NOT Typically a Feature of Common