Which of the following statement is incorrect? O Preferred stockholders receive their dividends before common stockholders. O A senior debenture has a prior claim to the earnings and liquidation proceeds from the general assets of the firm relative to the claim of subordinated debenture investors for those assets not specifically pledged as security for other bonds. OA bond backed by real assets, not financial assets, is known as a mortgage bond. O Most of the answers are correct. O In the event of default, the holder of the second mortgage receives proceeds from the sale of the pledged assets before the first-mortgage bond investors have received all payments due to them. Question 27 1 pts Which of the following statement is correct? According to the DCF, the value of a complete business is the future value of the cash flows expected to be generated by the business. O All the answers are incorrect. O A company's long-term obligations may be long-term loans from a commercial bank or a private investor, corporate bonds, or notes issued to the public. The DCF model values an asset by calculating the sum of the cash values of the past years Maximizing the book value of their firm is the primary goal of financial managers