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guaranteed stock

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guaranteed stock
Preferred stock that is issued by one company and guaranteed as to dividends by one or more other companies. Guaranteed stock issues, like guaranteed bonds, are most prevalent among railroads.


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Shares held in the Company's Dividend Investment Plan are also eligible for sale, while those held in the Company's employee plans such as the Guaranteed Stock Plan or the Employee Stock Purchase Plan are not eligible for sale under this Program.
 
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