Which one of the following statements is correct? a. Preferred dividends are tax deductible b. Common dividends can be paid only after preferred dividends have been paid in full There is no such thing as floating rate preferred stock d. Skipping preferred dividends for more than 3 periods can bankrupt the firm. 3.03 points Save Answer QUESTION 24 Let the market price of bond, whose face value is $1000, be $1200. Then this bond is selling at a a discount b. parc.Cannot telld a premium