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The owner of preferred stock O is entitled to annual dividends equal to a certain percentage of the preferred stock's market value. O can force

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The owner of preferred stock O is entitled to annual dividends equal to a certain percentage of the preferred stock's market value. O can force the company into bankruptcy whenever there are insufficient funds to pay dividends to the common shareholders Ohas a guarantee of dividends of a certain amount every quarter. O is entitled to a distribution of income prior to the common shareholders

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