Preferred stock may have priority over common stock except in

Question

Elsie Mcintyre

Business

23 April, 01:09

Preferred stock may have priority over common stock except in

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Answers (1)

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Yazmin Morton · Answer 1

Voting

Explanation:

Although There are several differences between preferred and common stock. They have a main difference and the difference lies in the fact that preferred stock withdraws from the shareholders the rights to vote. But common stock gives a right to vote, and it is usually at one vote per owned share. If company is to elect a board of directors, preferred stock have no rights to vote.