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    Valuation of Preferred Stock

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    Preferred Stock is valued as if it were _____

    a fixed income obligation, a bond, a perpetuity, or a common stock

    I believe the answer is - a fixed income obligation - please advise answer & why - thanks!

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    https://brainmass.com/business/accounting/35010

    Solution Summary

    The solution explains the characteristic of a preferred stock for valuation

    $2.19

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