SIE Exam Question 628: Answer and Explanation

Question: 628

Preferred stock that does not have to pay missed dividends is considered which of the following?

  • A. Convertible
  • B. Cumulative
  • C. In-kind
  • D. Noncumulative

Correct Answer: D

Explanation:

Preferred stock that does not have to pay missed dividends is considered noncumulative.

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