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49.Stockholders may prefer to invest in preferred stock because a. preferred stock can always be converted to common stock if the owner desires. b. the

49.Stockholders may prefer to invest in preferred stock because a. preferred stock can always be converted to common stock if the owner desires. b. the dividends are paid on preferred stock before they are paid on common stock. c. the dividends are generally increased each year. d. preferred stock confers preferred voting rights.

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