10. Cumulative Preferred stock can be purchased by anyone, but it is more likely that someone over 50 would be interested in such an investment.

True

False

11. General Electric issues collateral trusts for people seeking moderate risk and moderate return.

True

False

12. According to Mill, companies using the "Wal-Mart" system (a name your professor has given to this system) are financing inventories in order to generate wealth from debt.

True

False

give correct answer with explanation.