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Review This Questions A firm has issued cumulative preferred stock with a $100 par value and a 12 percent annual dividend. For the past two
Review This Questions A firm has issued cumulative preferred stock with a $100 par value and a 12 percent annual dividend. For the past two years, the board of directors has decided not to pay a dividend. At the end of the current year, the preferred stockholders must be paid prior to paying the common stockholders. $0/share 528/share 0 0 0 0 572/share 536/share Common stockholders are sometimes referred to as O non preemptive right holders managers creditors firm owners
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