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

Preferred stock
Authorized stock
Incorporator’s stock
Presidential stock

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

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

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