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Business, 19.03.2020 08:39 22emilyl530

Purple Pigeon Bird Seed Company currently pays preferred stockholders a dividend of $1.50 per share and common stockholders a dividend of $1.00 per share.

If the firm wants to raise the common stock dividend to $2.00 per share, it will also have to raise the preferred stock dividend to $2.00 per share.

Which type of provision does Purple Pigeon have in its preferred stock agreements?

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Purple Pigeon Bird Seed Company currently pays preferred stockholders a dividend of $1.50 per share...
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