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Many preferred stock issues are cumulative in nature. What does this mean? O The shares accumulate voting rights based on how long they are
Many preferred stock issues are cumulative in nature. What does this mean? O The shares accumulate voting rights based on how long they are held. O The shares can be converted into common shares. O Any dividends that are not paid in a particular period are carried over and paid in the next period. O Dividends accumulate and are paid at the maturity of the preferred stock.
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