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stranahan stranahan
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7 years ago
Which of the following statements is FALSE?
A) Preferred stock usually has a stated or par value but unlike bonds, this par value is not repaid at maturity because preferred stocks do not have a maturity date.
B) Skipped preferred dividends become a liability of the company.
C) Preferred stock cannot be converted into common stock.
D) The only time the par value of preferred stock would be paid to the shareholder is if the company ceases operations or retires the preferred stock.
Textbook 
Financial Management: Core Concepts

Financial Management: Core Concepts


Edition: 2nd
Author:
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macawmatanemacawmatane
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7 years ago
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stranahan Author
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#2
7 years ago
Thank you for  the help. I had a few questions on a few of them and this really confirmed my answers.
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