Which of the following is not associated with characteristics of common stock? 1. residual claim on...
Which of the following is not associated with characteristics of common stock?
| 1. |
residual claim on income and assets |
|
| 2. |
proxy |
|
| 3. |
cumulative dividends |
|
| 4. |
dual-class stock |
Homework Answers
The following is not associated with characteristics of common stock:
3. Cumulative dividends
Only a specific class of preferred shareholders have a right to cumulative dividends
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Which of the following is not associated with characteristics of
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