3 years ago

The floating rate feature on preferred stock allows the shareholders

Business

1 answer:

KIM [24]3 years ago

7 0

Answer:

d) to receive a higher or lower dividend yield depending on current competitive market conditions

Explanation:

The floating rate feature on preferred stock allows the shareholders to receive a higher or lower dividend yield depending on current competitive market conditions. The reason is the dividend on preferred stock varies with change in market rates.

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