Q836
Type of stock which have characteristics of bonds and common stock is classified as
A.
bonds equity
B.
common shares
C.
common stock
D.
preferred stock
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Type of stock which have characteristics of bonds and common stock is classified as preferred stock. Preferred stock refers to a class of ownership that has a higher claim on assets and earnings than common stock has.