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Question 1 1 pts Which of the following statements about preferred shares is FALSE? a.
Preferred shares will be in the same repayment priority order as general bond holders in the event
of a default b. Preferred shares are "nonparticipating" in that they are not able to vote on
shareholder motions such as voting for board members. c. They typically carry cumulative
dividend payments, which must be paid before common shareholders can receive dividend
payments. d. Can have embedded warrants, which allow the preferred shareholder to convert to
common equity with certain provisions.

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