Which of the following is a hybrid form of equity that effectively pays dividends that are tax deductible and is considered Tier 1 capital?
a. Common stock
b. Preferred stock
c. Trust preferred stock
d. Leases
e. Trust subordinated debt
Answer: C
Management MCQ
Bank Management
Which of the following is a hybrid form of equity that effectively pays dividends that are tax deductible and is considered Tier 1 capital?