Which of the following is true about Preferred Stock?
A) Preferred shareholders always have voting rights.
B) In most cases, if a company fails to pay a preferred dividend when it is due the preferred shareholders have no right to collect that dividend in the future.
C) Preferred dividends must be paid before the company can pay a dividend on its common stock.
D) Like bonds, preferred stock always has a maturity date at which time the issue price must be repaid to shareholders.
Correct Answer:
Verified
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