Which of the following is (are) correct regarding the maturity date on securities?
I. Long-term debt has a shorter maturity date than preferred stock.
II. Preferred stock can have no specific maturity date, so it can be perpetual.
A) Only statement I is correct.
B) Only statement II is correct.
C) Both statements I and II are correct.
D) Neither statement I nor II is correct.

Question

Which of the following is (are) correct regarding the maturity date on securities? 
I. Long-term debt has a shorter maturity date than preferred stock.
II. Preferred stock can have no specific maturity date, so it can be perpetual.
A) Only statement I is correct.
B) Only statement II is correct.
C) Both statements I and II are correct.
D) Neither statement I nor II is correct.

Quizplus · Accepted Answer

The Answer of Which of the following is (are) correct regarding the maturity date on securities? 
I. Long-term debt has a shorter maturity date than preferred stock.
II. Preferred stock can have no specific maturity date, so it can be perpetual.
A) Only statement I is correct.
B) Only statement II is correct.
C) Both statements I and II are correct.
D) Neither statement I nor II is correct.

Which of the Following Is (Are) Correct Regarding the Maturity