Which of the following statements is false?

A.

Mutually exclusive means that only one project in a set of possible projects can be accepted.

B.

To make the covariance of two random variables easier to interpret, it may be divided by the product of the random variables standard deviation. The resulting value is called the correlation coefficient, or simply, correlation.

C.

A call provision is valuable to the firm but potentially detrimental to investors.

D.

In the event of bankruptcy, preferred stock ranks below common stock but above debt.