Which of the following statements is falsea preferred, Ask an Expert

Finance

Which of the following statements is FALSE?

a. Preferred stockholders have preference over common stockholders in terms of dividends.

b. If a preferred dividend is missed, the firm is technically in default.

c. SEC may allow firms to issue different classes of common shares that differ in voting rights.

d. Minority representation is more likely to happen with a cumulative voting system than with a straight voting system.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91594813

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