Because preferred stock is a form of ownership and has no maturity date, its claims on income and ...

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Because preferred stock is a form of ownership and has no maturity date, its claims on income and ...

Because preferred stock is a form of ownership and has no maturity date, its claims on income and assets are secondary to those of the firm's creditors.

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Principles of Managerial Finance

Edition: 14^th

Authors: Gitman, Zutter

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