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Investors purchase preferred stock because: 1 Preferred stock offers an opportunity for a guaranteed annual dividend. 2 Preferred dividends are increased each year. 3 Preferred
Investors purchase preferred stock because:
1 Preferred stock offers an opportunity for a guaranteed annual dividend.
2 Preferred dividends are increased each year.
3 Preferred shareholders have voting rights.
4 Preferred stock can always be converted to common stock.
5 None of the above
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