Which of the following characteristics are true, with reference to preference capital?

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Question: Which of the following characteristics are true, with reference to preference capital?

1.Preference dividend is tax deductible.

2.The claim of preference shareholders is prior to the claim of equity shareholders.

3.Preference share holders are not the owners of the concern.

4.All of the above

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  1. Which of the following characteristics are true, with reference to preference capital?
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