| Which of the following statements is most correct? |
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| Bonds have specific maturity date, but never more than 10 years in the future |
| From the investor\'s point of view, preferred stock is riskier than bonds |
| From the issuer\'s point of view, preferred stock is riskier than bonds |
| Preferred stock is riskier than common stock |
| Which of the following statements is most correct? |
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From the investor\'s point of view preferred stock is riskier than bonds, as bonds carry legal obligation to pay interest and principal amounts on agreed dates while preferred stock stipulates fixed percent of dividend but not obligates.
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