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  3. preferred stock is similar to a bond because: it h

Preferred stock is similar to a bond because: it has no maturity date. preferred dividends...

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Finance

Preferred stock is similar to a bond because:
it has no maturity date.
preferred dividends do not reduce a firm's taxes.
it pays a fixed periodic amount.
it represents ownership in a firm. If Kalium Motors has an EBIT of $28 million, interest of $8 million and is taxed at an average rate of 32%, what is its net income?
$20 million
$19 million
$13.6 million
$6.4 millionTreasury stock represents stock that:
a firm has purchased back from investors.
is being held to purchase preferred stock.
a firm has sold to the U.S. Treasury Department.
is being held to purchase treasury securities.Treasury stock represents stock that:
a firm has purchased back from investors.
is being held to purchase preferred stock.
a firm has sold to the U.S. Treasury Department.
is being held to purchase treasury securities.
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