Which of the following were typical features of trust preferred stock, also known as monthly income preferred stock (MIPS)? a. Treated as debt on the issuer’s GAAP balance sheet. b. Corporate...

Which of the following were typical features of trust preferred stock, also known as monthly income preferred stock (MIPS)?

a. Treated as debt on the issuer’s GAAP balance sheet.

b. Corporate recipients of trust preferred dividends are eligible for the dividends received deduction.

c. Trust preferred stock is thought to have a greater pre-tax yield than traditional preferred stock of similar risk.

d. Trust preferred stock dividends are deductible to the issuer.

e. Trust preferred stock counts as Tier 1 capital for banks.