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Dividends on cumulative preferred shares Question 1 options: accumulate over the life of the shares and are paid on retirement. if in arrears, must be

Dividends on cumulative preferred shares
Question 1 options:
accumulate over the life of the shares and are paid on retirement.
if in arrears, must be calculated like compound interest.
must be paid each year.
must be paid before dividends may be paid on common shares.

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