Preferred stockholders generally do not have the right to vote for the board of directors.

Name: Preferred stockholders generally do not have the right to vote for the board of directors.
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Question

Quizplus · Accepted Answer

This is because preferred stock is typically issued as a means of providing a fixed income to shareholders, rather than giving them an ownership stake in the company. However, there may be exceptions depending on the specific terms of the preferred stock.

Preferred Stockholders Generally Do Not Have the Right to Vote