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What are the characteristics of preferred stock? [] don't have voting right [] fixed dividend payment [] preferred stockholders are usually paid after common stockholders
What are the characteristics of preferred stock?
[] don't have voting right
[] fixed dividend payment
[] preferred stockholders are usually paid after common stockholders
[] all debts must be paid before to bondholders before preferred stockholders are paid
[] may carry some voting rights, but generally not as many voting rights as common stock
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