Shareholders choose to invest in preferred shares because: a. preferred shares can always be converted into ordinary shares at the shareholder's option b. preferred shares include the right to participate in management decisions through voting privileges c. dividends are distributed to preferred shareholders before ordinary shareholders d. the preferred dividend distributions are generally increased each year

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Shareholders choose to invest in preferred shares because:


a. preferred shares can always be converted into ordinary shares at the shareholder's option
b. preferred shares include the right to participate in management decisions through voting privileges
c. dividends are distributed to preferred shareholders before ordinary shareholders
d. the preferred dividend distributions are generally increased each year
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