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4. In what ways is preferred stock like long-term debt? In what ways is it like equity? 5. Why are money market securities sometimes referred
4. In what ways is preferred stock like long-term debt? In what ways is it like equity? 5. Why are money market securities sometimes referred to as "cash equivalents"? 6. Find the after-tax return to a corporation that buys a share of preferred stock at $40, sells T in in the 200t tax
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