From the issuing firm's point of view, one advantage of preferred stock over bonds is: A. preferred
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Question:
From the issuing firm's point of view, one advantage of preferred stock over bonds is:
A. preferred dividends are a deductible expense for tax purposes
B. preferred voting privileges concentrate power in the hands of managers and major shareholders
C. a dividend payment can be skipped without triggering bankruptcy
D. all of the above
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