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    Paymeny-in-kind preferred stock

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    Paymeny-in-kind preferred stock has been primarily used to finance _______

    a) new high-risk ventures,
    b) expansion in foreign manufacturing,
    c) takeovers,
    d) privatization of corporations

    please advise answer & why!

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    Solution Preview

    1. c) Takeover. When companies go for leveraged buyouts, they are out ...

    Solution Summary

    Answers a multiple-choice question with explanation for the correct answer.