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A stockbroker advises a client to buy preferred stock%u2026. With that type of stock,%u2026 [you] will never have to worry about losing the dividends. Is

A stockbroker advises a client to "buy preferred stock%u2026. With that type of stock,%u2026 [you] will never have to worry about losing the dividends." Is the broker right?

Why and please explain me why

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