Which of the following statements is incorrect?
A)Preferred stock prices fluctuate with market interest rates and behave like corporate bond prices.
B)Common stock price changes with the value of the company's underlying business.
C)Preferred stockholders have higher precedence for payment in the event of firm liquidation from bankruptcy.
D)All of these statements are correct.

Question

Quizplus · Accepted Answer

All the statements provided are correct, making option D the incorrect statement as it claims that there is an incorrect statement among them.

Which of the Following Statements Is Incorrect