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Tuesday, July 26, 2011

Characteristics of Preferred Stock

Like common stock, preferred stock offers partial ownership in a corporation. Preferred stocks may be participating or non-participating, convertible or non-convertible, cumulative or non-cumulative, redeemable or non-redeemable, or a combination of these features.

Following are some of the main characteristics of preferred stock:

1) Preferred stock has a fixed rate of dividend, which is


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