Multiple Choice
A company issued 8% preferred stock with a $100 par value.This means:
A) Preferred stockholders are entitled to 8% of the annual net income.
B) Only 8% of total contributed capital can be preferred stock.
C) Preferred stockholders are guaranteed a dividend.
D) The potential dividend to preferred stockholders is $8 per share per year.
Correct Answer:
Verified
Correct Answer:
Verified
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