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Which of the following statements are true of preferred dividends? More than one answer may be correct. Multiple select question. Directors elected by common shareholders
Which of the following statements are true of preferred dividends? More than one answer may be correct.
Multiple select question.
Directors elected by common shareholders cannot defer preferred dividends indefinitely.
Companies have no obligation to pay the dividends on preferred shares.
Preferred dividends are like interest on a bond.
Unpaid preferred dividends are not debts of the firm.
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