Which of the following is a difference between preferred stock and common stock?
A. Unlike common stockholders, preferred stockholdershave a guaranteed legal right to receive a dividend.
B. Unlike common stockholders, preferred stockholders are not paid their dividends in full.
C. Unlike common stock, preferred stock isnormally issued with a stated dividend.
D. Unlike common stock, preferred stock dividends are paid in irregular time intervals.
Answer: C
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