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NEW QUESTION: 1
Typical features attached to preferred stock include all of the following except:
A. Liquidation priorities.
B. Demand redemption rights.
C. Non-voting rights.
D. Dividend distribution preferences.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Preferred shareholders hold a security that looks very similar to a bond, but they are very rarely allowed to demand redemption of their shares. On the other hand, many bonds are callable.