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Which of the following is NOT a characteristic of preferred stock? A. It is like perpetuity. B. Gives voting rights to its owner. C. The

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Which of the following is NOT a characteristic of preferred stock? A. It is like perpetuity. B. Gives voting rights to its owner. C. The firm retains discretion to make the dividend payments. D. Dividends are not tax-deductible for the firm as opposed to interest payments

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