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Which statement is false? A. The price of a share of preferred stock is calculated using the formula for the present value of a perpetuity.

Which statement is false?

A. The price of a share of preferred stock is calculated using the formula for the present value of a perpetuity.

B. The effective yield is greater than or equal to the annual interest rate (APR).

C. A corporation is always domestic in the state of its principal business office.

D. Higher liquidity is generally associated with lower expected return.

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