Securities Industry Essentials SIE · Flashcards · Recall
SECURITIES INDUSTRY ESSENTIALS SIE · FLASHCARDS
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QUESTION
What is a proxy in the context of shareholder voting?
QUESTION
In liquidation, which equity class is paid first: common or preferred?
QUESTION
What is noncumulative preferred stock regarding missed dividends?
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ANSWER
Missed dividends do not accrue and are not owed later. Noncumulative stock forfeits missed dividends, simplifying issuer obligations and reducing accumulation of arrears.