KQuestion 29 of While not true of common stock preferred sha

KQuestion 29 (of While not true of common stock, preferred shares (check all that apply Are often associated with a sinking fund set up by the company Typically don\'t get voting rights. Get paid before bond holders in the event of bankruptcy Get to yote to elect the Board of Directors Representa curent liabliy to ane company. ave a pre-speci vield usualiy based on par vatue

Solution

While not true for common stock, options that apply to preferred stock are:

Are ofte associated with a sinking fund

Typically don\'t get voting rights

Have a pre specified dividend yield based on par value.