Which of the following is true Select one a Firms can deduct 100 of preferred dividend income from their taxable income b Individuals who are in a lower tax bracket benefit more from owning preferred shares As a result, wealthy individuals tend to hold the majority of preferred shares c Although paying preferred dividends is optional in the short term, in the long term they must be paid or the firm will be in default d Firms find it more expensive to issue preferred shares than to issue bonds

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Which of the following is true  Select one  a  Firms can deduct 100  of preferred dividend income from their taxable income  b  Individuals who are in a lower tax bracket benefit more from owning preferred shares  As a result, wealthy individuals tend to hold the majority of preferred shares  c  Although paying preferred dividends is optional in the short term, in the long term they must be paid or the firm will be in default  d  Firms find it more expensive to issue preferred shares than to issue bonds

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Which of the following is true? Select one: a. Firms can deduct 100% of preferred dividend income from their taxable income. b. Individuals who are

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