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 $ million, interest of $ million and is taxed at an average rate of what is its net income?
$ million
$ million
$ million
$ 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 US Treasury Department.
is being held to purchase treasury securitiesTreasury stock represents stock that:
a firm has purchased back from investors.
is being held to purchase preferred stock.
a firm has sold to the US Treasury Department.
is being held to purchase treasury securities
