Evaluate the following list, and decide if each described attribute more likely relates to a common stock or preferred stock issue.
Evaluate the following list, and decide if each described attribute more likely relates to a common stock or preferred stock issue. | |||||
Common | Preferred | ||||
The stock is described as 6%, cumulative | ✓ | ||||
The stock includes voting rights | |||||
The stock is last in line in the event of liquidation | |||||
The stock is convertible | |||||
The stock ordinarily pays a fixed dividend | |||||
The stock may be subject to significant appreciation | |||||
The stock has a “call price” | |||||
The stock has a mandatory redemption date |