Question

Which is correct about Preferred Stock:________.a. It cannot be owned by full time employees of the company b. It is always worth more than common stock c. It always costs more than common stock d. It is reserved only for preferred customers or investors e. It has priority over common stock in the event of the dissolution of the company

Answer 1

The main difference between preferred and common stock is that preferred stock gives no voting rights to shareholders while common stock does.

Step-by-step explanation:

Preferred shareholders have priority over a company's income, meaning they are paid dividends before common shareholders. hope this helps you :)