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While not true of common stock, preferred shares (check all that apply): Are often associated with a sinking fund set-up by the company. Typically don't
While not true of common stock, preferred shares (check all that apply):
Are often associated with a sinking fund set-up by the company.
Typically don't get voting rights.
Get paid before bond holders in the event of bankruptcy.
Get to vote to elect the Board of Directors.
Represent a current liability to the company.
Have a pre-specified dividend yield usually based on par value.
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