BUSN 380 Course Great Wisdom / tutorialrank.com BUSN 380 Course Great Wisdom / tutorialrank.com | Page 49

$1,355

$1,335

$65

$1,375

$1,400

Question 11. 11. (TCO 5) Bill Affleck is interested in buying
preferred stock, but to be protected if the company needs to omit a
dividend payment. He wants any unpaid dividends to accumulate and
be paid before any common stock dividends are paid. Which one of
these features of preferred stock is Bill seeking?

Convertible

Callable

Cumulative