Arrearage means that a cumulative preferred stock's dividend is not being paid. ()
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Preferred stock dividends are not a legal obligation of the firm. ()
Preferred stock dividends are usually fixed. ()
One measure of the safety of a preferred stock's dividend is the earnings-per-preferred share. ()
Debt instruments subject their owners to risk from ______ (1)loss of purchasing power (2)higher credit ratings (3) default
A. (1) and (2)
B. (1) and (3)
C. (2) and (3)
D. (1), (2), and (3)