A cumulative preferred share is described as: Select one: O a. A share where dividend arrears, if any, do NOT have to be caught up before dividends on common shares are paid. O b. A bond that is convertible to common shares of the issuing company, before expiry, at the conversion price. O c. A share which is registered in the holder's name and cannot be sold by anyone else. d. A share where the issuer makes the stipulated dividend payment only if a certain income level has been achieved. O e. A share for investors where the arrears on dividends, if any, must be caught up before dividends on common shares are paid The interest rate expressed as if it were compounded once per year is called the: Select one: O a. Stated interest rate O b. Advertised interest rate O c. Effective annual rate (EAR) O d. Periodic interest rate O e. Periodic discount rate