Question 23 3 pts Which of the following statements regarding long-term financing methods is most CORRECT? The coupon rate on convertiable debt is normally set below that on otherwise similar straight debt. The after-tax cost of preferred stock is typically at the same level as tht of debt. Allonpaid cumulative preferred dividends must be paid before any dividends can be paid on the firm's common stock Preferred stock generally has a higher component cost of capital to the firm than common stock Warrants have an option feature but convertiables do not