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Why is preferred stock referred to as preferred?
What are some of the features added to preferred stock that make it more attractive to investors?
Would you select preferred stock or common stock as an investment? Why?
Provide stock details from your Annual Report.
P10-5A Fordyce Electronics issues a $400,000, 8%, 10-year mortgage note on December 31, 2007. The proceeds from the note are to be used in financing a new research laboratory. The terms of the note provide for semiannualinstallment payments, exclusive of real estate taxes and insurance, of $2..