II XYZ company is looking for investors. For an investment (price) of $25 per unit (share) of preferred stock it will pay $1 dividend annually XYZ is also issuing (selling) to investors another type of preferred stock for $25. Unlike the above ordinary preferred, in case of a missed dividend (not enough money "coming down the waterfall"), the unpaid amount any year will be added to its dividend the following year, and continue so until all missed payments are made. What should be the dividend of this cumulative preferred" compared to the 1% of the ordinary