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preferred stock

Maneesh 03 May 2020 at 13:36 PM

All of the following are characteristics of preferred stock except that
A) It may be converted into common stock.
B) Its dividends are tax deductible to the issuer
C) It usually has no voting rights
D) It may be callable at the option of the corporation. 

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FACULTY 14 May 2020 at 01:34 PM

Its dividends are tax deductible to the issuer(option B)

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