Preferred stock is often referred to as a hybrid security. What is meant by this term as

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Preferred stock is often referred to as a hybrid security. What is meant by this term as applied to preferred stock?

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Oct 14, 2014 07:54 AM

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Preferred stock is often referred to as a hybrid security. What is meant by this term as

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Preferred stock is a hybrid or intermediate form of security possessing some ...View the full answer

Foundations of Financial Management

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