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Which of the following statements is NOT true about preferred stock? Preferred stock represents ownership in the firm. Preferred stockholders are not guaranteed dividend payments

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Which of the following statements is NOT true about preferred stock? Preferred stock represents ownership in the firm. Preferred stockholders are not guaranteed dividend payments by the firm. Preferred stock dividends are paid by the issuer with after-tax dollars. Preferred stock holders have limited voting privileges relative to common-stock owners

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