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Basic Question 4 of 4
If any and all dividends of preferred stock must be paid in full before common stockholders can receive a dividend, then the preferred stock must be ______.
B. tallied
C. cumulative
A. collectible
B. tallied
C. cumulative
User Contributed Comments 1
| User | Comment |
|---|---|
| sarath | The previous years if not given is accumulated... |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
calculate the intrinsic value of a non-callable, non-convertible preferred stock
CFA® 2025 Level I Curriculum, Volume 3, Module 8.