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Paymeny-in-kind preferred stock

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!

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.