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Which one of the following statements is correct? Question 9 options: ...

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Question

Finance

Which one of the following statements is correct?

Question 9 options:

1)

Common shareholders elect the corporate directors while the preferred shareholders generally do not have voting rights.

2)

From a legal perspective, preferred stock is a form of corporate debt.

3)

Shareholders prefer noncumulative dividends over cumulative dividends.

4)

All classes of stock must have equal voting rights per share.

5)

Dividends are tax-free income for individual investors.

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