Question

Preferred stock is like a bond in that it Multiple choice question. legally obligates the issue to pay the holder or face bankruptcy. typically has a maturity date 30 years or less. has a finite series of fixed payments. typically does not confer voting rights to its holder.

Answer 1

typically does not confer voting rights to its holder.

Step-by-step explanation:

A preferred stock is a class of stock in which holders are paid dividends before common shareholders are paid dividends

In event of liquidation, preferred stockholders are paid before common shareholders

preferred stockholders are usually paid fixed dividends

preferred stockholders do not have voting rights in a company