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Which of the following statements is CORRECT? Preferred stockholders can pursue a legal course against the firm if it fails to pay the dividend. Preferred
Which of the following statements is CORRECT? Preferred stockholders can pursue a legal course against the firm if it fails to pay the dividend. Preferred stockholders have a priority over bondholders in the event of bankruptcy to the income. Preferred stockholders receive dividends after common stockholders. A big advantage of preferred stock is that dividends on preferred stocks are always higher than dividends on common stock. The preferred stock of a given firm is generally less risky to investors than the same firm's common stock
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