Why would a corporate investor consider preferred stock over a bond? What is meant by the cumulative

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Why would a corporate investor consider preferred stock over a bond? What is meant by the cumulative feature of preferred stock issues?

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Fundamentals of Investment Management

ISBN: 978-0078034626

10th edition

Authors: Geoffrey Hirt, Stanley Block

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Question Posted: Sep 21, 2015 05:30 AM

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Why would a corporate investor consider preferred stock over a bond? What is meant by the cumulative

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The main reason is the tax advantage to corporate investors whe...View the full answer

Fundamentals of Investment Management

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