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biokam biokam
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Though they are classified as equity, why are preferred shares also similar to debt?

▸ The voting structures for preferred shares and debt are equivalent.

▸ Both carry the same interest rate.

▸ Preferred shares have similar maturity structures to debt.

▸ Dividends on preferred shares must be paid out before any common share dividends.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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k9kulpritk9kulprit
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Brilliant
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Thanks for your help!!
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This helped my grade so much Perfect
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