What is money market preferred stock?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter12: The Cost Of Capital
Section: Chapter Questions
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What is money market preferred stock?

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Preferred stock:

The stock that is entitled to have priority over other common stock and with fixed dividend yield.

The holder of preferred stock is not entitled to the right in the decision making of the company.

 

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