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Sale date
Payment date
Ex dividend date
None of the aboveQuestion 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?
Callable
Cumulative
Credible
None of the above
Question 12. 12. (TCO 5) Common stock represents _____.
a loan to a company
corporate ownership
a loan to an investor
a guarantee of dividends
a cash distribution
Question 13. 13. (TCO 5) One option for long-term corporate
financing is equity financing, and this is a popular choice because
a lender is always available to provide this type of financing.
it does not cost anything to sell in the primary market.