Preferred stock is the most used of all long-term securities because?
A) Investors can get higher returns after taxes than from other investments.
B) Preferred dividends are considered regular (fixed) obligations.
C) Flotation costs are extremely low compared to bonds.
D) It is not the most used security due to no right to vote.
Correct Answer:
Verified
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Q51: Preferred stock is often sold by companies:
A)
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