Which of the following is not typically a feature of preferred stock?
A. Most preferred stock is noncumulative.
B. Most preferred stock is cumulative.
C. Preferred stock is generally callable.
D. Preferred stock is typically convertible.
Answer:A
Which of the following is not typically a feature of preferred stock?
A. Most preferred stock is noncumulative. B. Most preferred stock is cumulative. C. Preferred stock is generally callable. D. Preferred stock is typically convertible.