February 2007
Intermediate to advanced
288 pages
6h 32m
English
Another way to raise capital is by issuing preferred stock. While there are no set characteristics for preferred stock, preferred stock often takes priority over common stock and has special rights such as:
Priority over regular stock relating to dividends
Possible conversion into common stock at a preset exchange rate
Possible retirement/redemption at the option of a company
Priority over regular stock relating to claims of assets in case of liquidation
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