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Which of the following is true of preferred stock? A. Its dividends can be paid only after paying dividends to the common stockholders. B. It
Which of the following is true of preferred stock?
A.
Its dividends can be paid only after paying dividends to the common stockholders.
B.
It has a claim on assets prior to creditors in the event of liquidation.
C.
It has features of bonds and a common stock.
D.
It usually has a maturity of thirty years.
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