Which of the Following Statements Is Incorrect

question 100

Multiple Choice

Which of the following statements is incorrect?

• A)Preferred stock prices fluctuate with market interest rates and behave like corporate bond prices.
• B)Common stock price changes with the value of the company's underlying business.
• C)Preferred stockholders have higher precedence for payment in the event of firm liquidation from bankruptcy.
• D)All of these choices are correct.

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