Which of the following is NOT a characteristic of preferred$$ stock?

Responses

Common stock dividends must be paid before preferred dividends.

Common stock dividends must be paid before preferred dividends.

Preferred stock does not mature like a bond.

Preferred stock does not mature like a bond.

Preferred stock dividends may be delayed.

Preferred stock dividends may be delayed.

Preferred dividends are typically given less legal priority than bond interest payments.