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which of the following is Not true about preferred stock? 70% of dividends are nontaxable to other corporations that hold preferred stock the after-tax cost
which of the following is Not true about preferred stock?
70% of dividends are nontaxable to other corporations that hold preferred stock
the after-tax cost is higher than debt with the same yield
dividends are legal obligations of the firm
preferred stocks are typically cumulative with respect to dividends
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