Explain why preferred shares are referred to as hybrid securities.

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Understanding Financial Accounting

ISBN: 9781119406921

2nd Canadian Edition

Authors: Christopher D. Burnley

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Question Posted: Jul 26, 2019 09:48 AM

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Explain why preferred shares are referred to as hybrid securities.

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Preferred shares are referred to as hybrid securities as they include features of both debt and equi...View the full answer

Understanding Financial Accounting

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