Which of the following statements about preferred shares is inaccurate ? Select one: a. Preferred shares carry credit ratings. b. In the event of liquidation of a firm’s assets, preferred shareholders...

Which of the following statements about preferred shares isinaccurate?

Select one:

a. Preferred shares carry credit ratings.

b. In the event of liquidation of a firm’s assets, preferred shareholders are paid out before common shareholders.

c. Preferred share dividends are always cumulative.

d. Preferred shares are often callable and puttable.

e. Preferred share dividend income from another Canadian corporation is tax-exempt.

Jun 07, 2022

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