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Which of the following statements about preferred stock is true? a) Like common stock, preferred stockholders stand behind bondholders in settling claims. b) Like bonds,
Which of the following statements about preferred stock is true? a) Like common stock, preferred stockholders stand behind bondholders in settling claims. b) Like bonds, preferred stockholders have no voting rights if dividends are not paid. c) Like common stock, preferred stock has a coupon rate that is used to determine the dividend payment. d) Like bonds, preferred stockholders can force the company into bankruptcy if dividends are not paid.
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