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Which of the following statements are true? Preferred shareholders are not entitled to a specified rate of dividend. Creditors get paid out first, before shareholders,
Which of the following statements are true?
Preferred shareholders are not entitled to a specified rate of dividend.
Creditors get paid out first, before shareholders, in a liquidation.
Common shareholders do not have voting rights, but preferred shareholders do.
Common shareholders are paid first, and preferred shareholders get the residual.
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