Series 7 - General Securities Representative Exam

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When discussing the differences between common and preferred stock, it is important to know that

Preferred stock is non voting stock
A
Common stock is convertible to preferred
B
Preferred has lower dividend yields than common
C
In the event of liquidation, preferred stockholders have preference in assets over bondholders
D

Explanations

Preferred stock is nonvoting. The other 3 statements are not true