_____ 2. It is a type of stock for which stockholders get first choice in distributed profits.
A. common stock B. stock market C. face value stock D. preferred stock
A. common stock B. stock market C. face value stock D. preferred stock
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Answer:
A.
Explanation:
What Is a Preferred Stock?
The term "stock" refers to ownership or equity in a firm. There are two types of equity—common stock and preferred stock. Preferred stockholders have a higher claim to dividends or asset distribution than common stockholders.1 The details of each preferred stock depend on the issue.
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