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Why is the cost of debt normally lower than the cost of preferred stock? Multiple Choice Common stock dividends are not tax-deductible. Preferred stock dividends

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Why is the cost of debt normally lower than the cost of preferred stock? Multiple Choice Common stock dividends are not tax-deductible. Preferred stock dividends are tax deductions. Preferred stock dividends must be paid before common stock dividends. Interest on debt is deductible

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