Nick and Jamie own stock in Chromex Industries, a watch manufacturer. In 2015, Nick received dividend at the rate of 2 percent, whereas Jamie received dividend at the rate of 0.5 percent. In this scenario, which type of stock did Nick own?
A) cumulative preferred
B) common
C) convertible
D) participating preferred
D
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a. True b. False Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)