1. Compare and contrast cumulative versus participating preferred stock.
2. Compare and contrast callable versus redeemable preferred stock.
3. What is treasury stock and why is it acquired?
4. Distinguish among authorized shares, issued shares, and outstanding shares of stock.
1. What is the distinction between the par value and market value of a stock?
2. What are the four key dividend dates? Why is each important?
3. How does a cash dividend differ from a stock dividend or a property dividend?
4. What is the distinction between stock splits and stock dividends?