1)Owners of preferred stock?

A)have limited voting rights

b) are guaranteed dividened payments

c) are given priority treatment over common stock with respect to dividend payments and the claims againist the event or bankruptcy or liquidation

D) all the above statements are true

2) The internal rate of return is

A) the discount rate that makes the (net present value) greater than zero

B)the discount rate that makes the NPV equal to zero

C)the discount rate that makes the NPV less than zero

D)both A and C

3) In the general dividend valuation model the price of a share of stock is the present value of all expected future dividends

True or false

4) Over sufficiently long periods net income is always higher than free cash flows to common equity

true or false