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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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