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Which of the following about the preferred stock is NOT correct? -Most preferred stock is held by other companies due to tax advantage. -The dividends
Which of the following about the preferred stock is NOT correct?
-Most preferred stock is held by other companies due to tax advantage.
-The dividends of preferred stock are generally fixed.
-Some preferred stocks may have a fixed maturity date.
-The failure to pay dividends to preferred stock holders will lead to bankruptcy.
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