WGU C214 Financial Mgmt Pass the OA
Characteristics of preferred stock includes -dividends in arrears -dividends are cumulative -higher payoff claim in a BK (has first dibs in a BK) -considered "hybrid" (part stock/part bond) -no fixed maturity date -no voting rights -can skip dividend payments -dividends don't change year-after-year -used in start ups (IPO) Preferred stock dividends can go without payment and pay in arrears the following year Characteristics of common stock are -voting rights -no maturity date -corporate governance -lower payoff claim in BK
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- WGU C214
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- October 20, 2023
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wgu c214 financial mgmt pass the oa
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