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Your firm recently skipped a $2 per share preferred stock dividend obligation. Based on this...

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Your firm recently skipped a $2 per share preferred stock dividend obligation. Based on this information, the next preferred stock dividend the firm pays must be $4 (assuming the dividends are $2 each quarter) for the firm to have the right to pay any common stock dividends. True False Investment banks charge a flotation cost when preparing a security issuance for a firm as a way to compensate the investment bank for the work provided. True False

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