Preferred stock is a hybrid-a cross between a common stock and a bond-in the sense that it pays dividends that normally increase annually (like a stock), but it's payments are contractually guaranteed (like interest on a bond).
a) true
b) false
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Home » Business » Preferred stock is a hybrid-a cross between a common stock and a bond-in the sense that it pays dividends that normally increase annually (like a stock), but it's payments are contractually guaranteed (like interest on a bond). a) true b) false