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Adjustable rate preferred stock |
Preferred stock whose dividend changes, usually Quarterly, according to changes in the Treasury Bill rate or a similar benchmark. The changes in the dividend are determined by a pre-set formula. Like Floating rate debt, Adjustable rate preferred stock tends to have stable prices, since the dividend amount can be can changed to Offset price changes.
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| Related Terms: 14 CLICK HERE TO VIEW |
Adjustable rate preferred stock, Adjustable rate, Floating rate, Preferred stock, Treasury Bill, Bill, Debt, Float, Inc., Offset, Quarterly, Quarter, Term, Treasury
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