Engineering Economics
What stock represents ownership and enjoys certain preferences than ordinary stock?

Presidential stock
Preferred stock
Authorized stock
Incorporator’s stock

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Engineering Economics
Which is NOT an essential element of an ordinary annuity?

The payments are made at equal interval of time.
The first payment is made at the beginning of the first period.
Compound interest is paid on all amounts in the annuity.
The amounts of all payments are equal.

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