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One of the disadvantages to a corporation of owning preferred stock is that 70% of the dividends received represent taxable income to the corporate recipient,

One of the disadvantages to a corporation of owning preferred stock is that 70% of the dividends received represent taxable income to the corporate recipient, whereas interest income would be tax free. From: undefined Source:ISBN: 1439078092 | Title: Financial Management | Publisher: South-Western College Pub

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