The cumulative feature of preferred stock means
A)
an unpaid dividend in one year accumulates and must be paid in the future before any dividend can be paid on common stock.
B)
any unused votes accumulate to future periods where they can then be exercised.
C)
investors choose not to receive a dividend but rather let them accumulate.
D)
that the stock's issuer must accumulate funds in a sinking account.
A
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The danger of trade dependency is that ________
A) it often leads to the exploitation of developed countries B) political turmoils in a country might affect all dependent countries C) the countries involved in trade often get into rivalry over trade tariff issues D) it is difficult to end trade activities with current trade partners and find new trade partners
All of the following are exempt from registration under the 1933 Act except:
a. government bonds. b. securities issued by for-profit medical facilities. c. notes with a maturity of not more than nine months when issued for working capital. d. state-regulated insurance company annuities.