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Which of the following statements is FALSE? a. Common stock dividends do not lower a firm's taxable income and taxes owed. b. Preferred stockholders have

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Which of the following statements is FALSE? a. Common stock dividends do not lower a firm's taxable income and taxes owed. b. Preferred stockholders have a residual claim on both assets and income of the firm preferred stockholders are "last in line." c. You might find a "sinking fund" feature with a bond, but that feature would not be associated with common stock. d. A proxy allows you to give someone else the right to vote on important company decisions

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