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5) Describe some of the characteristics of common stock. 6) List and briefly explain the special features usually associated with preferred stock. 7) What is

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5) Describe some of the characteristics of common stock. 6) List and briefly explain the special features usually associated with preferred stock. 7) What is a capital gain? Is it taxed the same way as dividends? 8) Why might a firm want to maintain a high bond rating? What has been happening to bond ratings in recent years

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