Homework Clinic
Social Science Clinic => Business => Finance => Topic started by: swpotter12 on Apr 25, 2021
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Question 1
Which of the following is NOT a characteristic of common stock?
◦ Tax-deductible dividends
◦ Claims on income and assets which are subordinate to the creditors of the firm
◦ Voting rights which permit selection of the firm's directors
◦ That there is no fixed payment obligation
Question 2
________ have a higher payment priority than do ________.
◦ Preferred dividends; bond interest payments
◦ Common dividends; bond interest payments
◦ Common dividends; preferred dividends
◦ Preferred dividends; common dividends
◦ Preferred dividends; zero-coupon payments
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Answer 1
Tax-deductible dividends
Answer 2
Preferred dividends; common dividends
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thank you