Question

The difference between simple interest and compound interest (compounded annually ) on a sum of money for 2 years at 10%per annum is $65 .The sum

Answer 1

Have preference payment of dividends over common stock and also have been given preference at the time of liquidation over common stock. They have other features of accumulation in dividend. In addition, preferred stock usually comes with a letter designation at the end of the security. This extra letter does not mean that any exclusive rights exist for the shareholders but it does let investors know that the shares are considered for such, however, these rights or privileges may change based on the decisions made by the underlying company.

Answer 2

Answer:

see the attach men ........