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With regard to Preferred Stock: a.its issuance provides no flexibility to the issuing company because its terms always require mandatory dividend payments b. there is

With regard to Preferred Stock:

a.its issuance provides no flexibility to the issuing company because its terms always require mandatory dividend payments

b. there is a legal requirement for a corporation to declare a dividend on its preferred stock.

c. the dividend received by the preferred stockholders will be dependent upon dividend received by the common stockholders

d. the amount of dividend is dependent upon the par value of the preferred stock.

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