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Which of the statements is correct regarding preferred stock

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Reference no: EM132657557

Problem 1: Which of the following statements is correct regarding preferred stock.

a. It has preference over bonds in case of bankruptcy

b. It has preference over common stock in case of bankruptcy

c. It has preference over notes payable in case of bankruptcy

d. Its dividend rate is guaranteed

e. None of the above

Reference no: EM132657557

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