Which of the following would be expected to happen on the ex-dividend date?

• A.The stock's dividend is paid.
• B.The stock's volume increases.
• C.The stock price drops.
• D.The stock is sold with the dividend attached.

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All of the following statements are true about adjustable-rate preferred stocks EXCEPT:

• A.their dividend rate is reset periodically.
• B.they offer tax advantages to corporate investors.
• C.they have a guaranteed return of principal at maturity.
• D.their dividends are paid before common stock dividends.

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