Which of the following is an advantage to debt financing over equity? Select one: O a. Debt reduces solvency of the firm O b. Deducting interest expenses provide tax savings . Return on stockholders' equity may be lower O d. All of the above are advantages Which of the following is not a characteristic of preferred stock? Select one: O a. Preferred stockholders have the right to receive dividend distributions from the corporation before dividends are paid to common stock to dividends O b. In the event of the corporation liquidating, preferred stockholders have a right to receive corporate assets before any assets are distributed to common stockholders Oc Preferred stock may have either a par value or no-par value O d. Preferred stock is listed in the liabilities section of the balance sheet Which of the following is not a reason for a corporation to purchase treasury stock? Select one: O a. To have additional shares available for use in acquiring other companies . To reduce the number of shares outstanding and increase earnings per share . To signal to the market that management believes the stock is overpriced O d. To reissue the shares to officers under compensation plans