Business, Legal & Accounting Glossary
AMPS. A type of preferred stock which has its dividend rate reset by Dutch auction. The interest rate on the stock generally has a ceiling, and the dividend rate is often reset every forty-nine days. It is a type of floating-rate investment.
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Definitions for Auction Market Preferred Stock are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.