Part $1$

Attempt $\frac{2}{2}$ for $1$ pts$.$

Preferred stock is like long$-$term debt since both $$ but preferred stock also resembles equity since both $q,.$

make regular, fixed payments; don't guarantee dividend payments

have a finite maturity date; have unlimited upside potential

are tax$-$deductible expenses for the firm; have no definite maturity date

rank above common stock in the priority of claims; grant voting rights to the stockholder

$$ Try again