5. "If a company fails to pay a dividend in any year, it must make it up in a later year before paying any dividends to ordinary shareholders". Which kind of preference shares having this feature? * (2 Points) Redeemable preference shares. Convertible preference shares. Cumulative preference shares. Participating preference shares. Callable preference shares. 6. On January 1, 2020 ABC Company had 400,000, $15 par value ordinary shares. One April 1, 2020, the company decided to split the shares 3-for-1 What is the amount of the par value after the split? (2 Points) The value must be a number 7. All dividends, except for property dividends, reduce the total equity in the corporation.* (1 Point) True False