The owner of cumulative preferred stock has the right to
A. Convert preferred stock into common stock.
B. A residual share in dividends after a fixed dividend has been paid to both common and preferred shareholders.
C. The carryover of fixed dividends to subsequent periods from years in which they were not paid.
D. Receive the par value of their shares but not unpaid dividends before common shareholders receive anything in liquidation.
Answer: C. The carryover of fixed dividends to subsequent periods from years in which they were not paid.
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Broker Barb places a newspaper ad stating that any seller or buyer who lists or buys a property through her will receive a $100 credit towards the broker's commission or purchase price. This is:
A. illegal, because a broker is not permitted to offer a credit to a seller B. illegal, because a broker is not permitted to offer a credit to a buyer C. illegal, because a broker cannot compensate a non- licensee for performing acts requiring a real estate license D. legal
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A. Blockbusting. B. Steering. C. Panic peddling . D. Discounting