Owners of preferred stock are not guaranteed any dividend payments and have the lowest-priority claim on the firm's assets in the event of bankruptcy.

Name: Owners of preferred stock are not guaranteed any dividend payments and have the lowest-priority claim on the firm's assets in the event of bankruptcy.
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Question

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Owners of preferred stock are guaranteed dividend payments before common stockholders and may have priority in the event of bankruptcy.

Owners of Preferred Stock Are Not Guaranteed Any Dividend Payments