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Which ONE of the following statements is false regarding preferred stock? While preferred stock is legally classified as perpetuities, some issues do have a fixed
Which ONE of the following statements is false regarding preferred stock?
While preferred stock is legally classified as perpetuities, some issues do have a fixed maturity.
Preferred stock holders have limited voting privileges relative to commonstock owners.
Preferred dividend payments are fixed amounts paid regularly by the firm, similar to the interest payments on corporate bonds.
Preferred dividends are deductible from taxable income just like the interest on bonds.
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