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Which of the following is a FALSE statement about preferred shares?

dbomb1

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Which of the following is a FALSE statement about preferred shares?

Which of the following is a FALSE statement about preferred shares?

▸ Have preference over common shares with respect to income and assets.

▸ Always have voting rights.

▸ Provide the owner with a claim to a fixed amount of equity.

▸ Dividends must be paid in their entirety before common shareholders may receive any dividends.

Textbook

Corporate Finance

Corporate Finance

Edition: 5^th

Author: Booth

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