Lindsey holt owns stock in the galloway gems company. she knows in advance that the dividend on this stock is a $1.50 per share.. given this, you know for sure that she purchased which type of stock?

Preferred stock, which is a part of share capital and is typically referred to as a hybrid instrument, is an asset that can have any combination of characteristics that common stock does not, including characteristics of both an equity and a debt instrument.

How do preferred stocks work?

Preferreds are securities that are issued with a fixed par value and which pay dividends at a defined rate, typically based on a percentage of the par value. The market value of preferred shares is susceptible to changes in interest rates, much like bonds, which also have fixed payments. The value of preferred shares declines when interest rates rise.

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