Preferred shareholders are granted

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Preferred shareholders are granted:

a. the right to dividends prior to common shareholders.

b. a guarantee of dividends of a set amount every quarter.

c. annual dividends equal to a set percentage of the firm's annual net income.

d. annual dividends equal to a set percentage of the preferred stock's market value.

e. the right to receive unpaid dividend payments provided the stock is noncumulative.

Reference no: EM131057671

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