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Which of the following is true of preferred stock? Preferred stockholders are guaranteed that they will not take a loss on their investment. Preferred stockholders
Which of the following is true of preferred stock?
Preferred stockholders are guaranteed that they will not take a loss on their investment. | ||
Preferred stockholders may sell their shares for a price higher than that of common stock. | ||
Preferred stockholders have higher voting rights than common stockholders. | ||
Preferred stockholders generally receive a fixed amount of dividends before common stockholders do. |
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