You own one share of a cumulative preferred stock which pays quarterly dividends. The firm has recently suffered some financial setbacks

Which one of these statements related to preferred stock is correct?    A.  Preferred shareholders normally receive one vote per share of stock owned. B.  Preferred shareholders determine the outcome of any election that involves a proxy fight. C.  Preferred shareholders are considered to be the residual owners of a corporation. D.  Preferred stock normally has a stated liquidating value of $1,000 per share. E.  Cumulative preferred shares are more valuable than comparable non-cumulative shares. Refer to section 8.2

45.

You own one share of a cumulative preferred stock which pays quarterly dividends. The firm has recently suffered some financial setbacks and has failed to pay the last two dividends. However, new funding has been arranged and the firm intends to restore all dividends, both common and preferred, this quarter. As a preferred shareholder, you should expect to receive the equivalent of ____ quarter(s) of dividends when the next dividend is paid.    A.  0 B.  1 C.  2 D.  3 E.  either 1, 2, or 3 Refer to section 8.2

46.

Which of the following features do preferred shareholders and bondholders frequently have in common? I. lack of voting rights II. conversion option into common stock III. annuity payments IV. fixed liquidation value    A.  I and II only B.  III and IV only C.  II, III, and IV only D.  I, III, and IV only E.  I, II, III, and IV Refer to section 8.2