How does cumulative preferred stock differ from non-cumulative preferred stock?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter8: Basic Stock Valuation
Section: Chapter Questions
Problem 21MC
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How does cumulative preferred stock differ from non-cumulative preferred stock?

If you were a stockholder which type of stock would you prefer? Why?

What is the difference between a cash dividend and a stock dividend?

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