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Which of the following is true about Preferred Stock? a If at a time a dividend is due on preferred stock, if the company does
Which of the following is true about Preferred Stock?
a | If at a time a dividend is due on preferred stock, if the company does not have the funds to pay the dividend, the right of the preferred shareholders to collect that dividend lapses. | |
b | Like bonds, preferred stock always has a maturity date at which time the issue price must be repaid to shareholders. | |
c | Preferred shareholders always have voting rights. | |
d | Preferred dividends are not tax deductible to the corporation. |
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