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Please list at least 2 characteristics of preferred stock and explain how this can benefit a company.

Please list at least 2 characteristics of preferred stock and explain how this can benefit a company.

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1. Prefernce for dividend payment over common stock: The dividend on preference stock is always paid before any dividens are paid to common stock holders. However, payment of dividens in ...

Solution Summary

In two short paragraphs, the topics are explained.

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