The majority of nonconvertible preferred stock is bought and held by investors. All else being equal,...

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The majority of nonconvertible preferred stock is bought and held by investors. All else being equal, is a firm more or less likely to purchase preferred stock as an investment if its tax rate increases? Less likely Doesn't matter More likely The majority of nonconvertible preferred stock is bought and held by investors. All else being equal, is a firm more or less likely to purchase preferred stock as an investment if its tax rate increases? Less likely Doesn't matter More likely