Matching
Match the following terms with the descriptions below.
Premises:
Preferred stock that allows unpaid dividend to accumulate.
The basic ownership unit of a corporation.
An ownership interest that gives the stockholder preferences as to dividends and liquidation.
The corporation own issued stock that it has repurchased in the secondary market.
Preferred stock that gives the issuing corporation the right to buy the stock back from the stockholders at a predetermined price.
Shares repurchased by the corporation that it will never reissue.
Stock that does not have a minimum price assigned to each share of stock.
Preferred stock that gives its owner the right to exchange the stock for cash.
Preferred stock that allows its holder to receive dividends in excess of the stated dividend rate.
Preferred stock that gives the holder of the shares the right to exchange the stock for other forms of capital (typically common stock).
Responses:
Retired stock
Redeemable preferred stock
Treasury stock
Callable preferred stock
Preferred stock
Common Stock
No-par stock
Participating preferred stock
Cumulative preferred stock
Convertible preferred stock
Correct Answer:
Premises:
Responses:
Preferred stock that allows unpaid dividend to accumulate.
The basic ownership unit of a corporation.
An ownership interest that gives the stockholder preferences as to dividends and liquidation.
The corporation own issued stock that it has repurchased in the secondary market.
Preferred stock that gives the issuing corporation the right to buy the stock back from the stockholders at a predetermined price.
Shares repurchased by the corporation that it will never reissue.
Stock that does not have a minimum price assigned to each share of stock.
Preferred stock that gives its owner the right to exchange the stock for cash.
Preferred stock that allows its holder to receive dividends in excess of the stated dividend rate.
Preferred stock that gives the holder of the shares the right to exchange the stock for other forms of capital (typically common stock).
Premises:
Preferred stock that allows unpaid dividend to accumulate.
The basic ownership unit of a corporation.
An ownership interest that gives the stockholder preferences as to dividends and liquidation.
The corporation own issued stock that it has repurchased in the secondary market.
Preferred stock that gives the issuing corporation the right to buy the stock back from the stockholders at a predetermined price.
Shares repurchased by the corporation that it will never reissue.
Stock that does not have a minimum price assigned to each share of stock.
Preferred stock that gives its owner the right to exchange the stock for cash.
Preferred stock that allows its holder to receive dividends in excess of the stated dividend rate.
Preferred stock that gives the holder of the shares the right to exchange the stock for other forms of capital (typically common stock).
Responses:
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