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Please explain why a and B and C is wrong Which of the following statements is TRUE? A) Preferred stock usually has a stated or

image text in transcribed Please explain why a and B and C is wrong
Which of the following statements is TRUE? A) Preferred stock usually has a stated or par value and, like bonds, this par value is not repaid at maturity because preferred stocks do not have a maturity date. B) The par value for preferred stock, unlike bonds, is never paid back. C) A preferred stock's cash dividend due each year is based on the stated dividend rate times the market value of the stock

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