Preferred shares have a contractual preference over common shares in certain areas, but usually do not have the right to vote.

Name: Preferred shares have a contractual preference over common shares in certain areas, but usually do not have the right to vote.
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Question

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Preferred shares typically have priority in receiving dividends and in receiving assets in the event of a company liquidation, but they generally do not have the right to vote in corporate decisions.

Preferred Shares Have a Contractual Preference Over Common Shares in Certain