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Knowledge Check 01 Which of the following statements about preferred dividends is true? (You may...

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Knowledge Check 01 Which of the following statements about preferred dividends is true? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) ? A preferred stock dividend can be expressed in either a percentage of par value or a dollar amount. Dividends on preferred stock, if any, may be paid at a fixed rate. If a company issues 10% preferred stock with a par value of $10 per share, the annual per-share dividend, if declared will equal $1. The current dividend preference requires that dividends are paid to common stockholders before any dividends are paid to preferred stockholders

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