GangnamGlitter
Sat Aug 31 2024
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5 answers
1000
What is 7% preferred stock?
Can you please explain what 7% preferred stock is? I've heard of preferred stock before, but I'm not sure what the '7%' refers to. Does it mean that holders of this type of stock receive a 7% dividend annually? Or is there something else that makes this type of stock unique compared to other forms of preferred stock? I'd appreciate any insights you can provide to help me better understand the concept of 7% preferred stock.
