$52$

Multiple Choice $,1\mathrm{.}667$ points

Which one of the following statements is correct?

Dividend payments to preferred shareholders are tax$-$deductible expenses for the issuing firm.

Preferred dividends are generally variable in amount.

Preferred shareholders receive preferential treatment over bondholders in a liquidation.

Preferred stock generally has a stated liquidation value of $$1,000$ per share.

Preferred stock can be callable.

ear my selection