Cumulative preferred stock: - 3405

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  • Posted on: Fri 23 Mar, 2012
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Request Description

Cumulative preferred stock:

a. provides for the right to vote

b. provides for the right to vote cumulatively

c. provides for a claim to dividends after common stock

d. requires dividends in arrears to be carried over into the next period

 

Solution Description

Cumulative preferred stock: