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Similarly to bonds, some firms issue floating-yield preferred stocks, with the yield indexed to a benchmark such as the yield on the 10-year U.S. Treasury

image text in transcribed Similarly to bonds, some firms issue floating-yield preferred stocks, with the yield indexed to a benchmark such as the yield on the 10-year U.S. Treasury bond. As a result, the par value of the preferred stock is variable. True or False? True False

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