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a) 41. Which of the following is an incorrect statement describing preferred stock? preferred dividends...

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a) 41. Which of the following is an incorrect statement describing preferred stock? preferred dividends are usually fixed or constant and are assigned when the stock is originally issued preferred stock has a prior claim before common stock to the payment of dividends preferred stock has a residual claim to assets after common stock in case of bankruptcy or dissolution d) preferred stock usually has limited or no voting rights 42. When assigned, the par value on preferred stock normally represents the: original selling price of the stock basis for determining annual dividends redemption value of the stock if called or liquidated all of the above are true none of the above are true 13 The maturity date on preferred stock is: b) the issue date plus the term the date of the first dividend payment the first date at which the stock may be called there is no maturity date on preferred stock

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