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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

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Answer #1

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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