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In general, the observed market price of a company's common stock exhibit ( GREATER / LESS) volatility than the market prices of the issuer's bonds

In general, the observed market price of a company's common stock exhibit (GREATER / LESS) volatility than the market prices of the issuer's bonds of preferred stock. This is because the cash flows paid by the issuer's common stock may be (MORE / LESS) variable than those paid to the issuer's bondholders of preferred shareholders.

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