1. preferred stock is riskier than long-term debt because its claim
1. Preferred stock is riskier than long-term debt because its claim on assets and income come after those of bonds? a. True b. False 2. Shelly Inc. bonds have a corporate rate of 8 percent. The interest is paid semiannually, and the bonds mature in 12 years. Their par value is $1,000. If you’re required rate of returns is 9 percent what is the value […]