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Which of the following characteristics of preferred stock is incorrect? Has a fixed dividend Preferred dividends must be paid at the same time as common
Which of the following characteristics of preferred stock is incorrect?
Has a fixed dividend
Preferred dividends must be paid at the same time as common stock dividends
Preferred shareholders have claims to firm assets after debt holders but before common stockholders
Usually does not have voting rights
Preferred dividends are NOT income tax deductible under current (2018) US tax laws
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