Use the following three statements to answer this question 1. Dividends are the legal obligation of the firm 2. A firm's residual earnings technically belong to the preferred shareholders 3. The...


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Use the following three statements to answer<br>this question<br>1. Dividends are the legal obligation of the<br>firm<br>2. A firm's residual earnings technically belong<br>to the preferred shareholders<br>3. The market prices of preferred shares<br>increase when market rates decline, and vice<br>versa<br>A) only 1 is correct<br>B) only 2 is correct<br>C) only 3 is correct<br>D) 2 $ 3 are correct<br>E) 1 & 3 are correct<br>

Extracted text: Use the following three statements to answer this question 1. Dividends are the legal obligation of the firm 2. A firm's residual earnings technically belong to the preferred shareholders 3. The market prices of preferred shares increase when market rates decline, and vice versa A) only 1 is correct B) only 2 is correct C) only 3 is correct D) 2 $ 3 are correct E) 1 & 3 are correct

Jun 05, 2022
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