Question: Question Three - Short answer questions (25 points) copyright American College of the Middle East 2020 1. Explain the three characteristics of Preferred Stock (15

Question Three - Short answer questions (25 points) copyright American College of the Middle East 2020 1. Explain the three characteristics of Preferred Stock (15 points) 2. Define the term WACC (Weighted Average Cost of Capital). Write down the formula for WACC. (10 points)

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