1. A price-weighted index consists of 4 stocks. The stock prices for these four stocks are $12, $34, $50 and $20. What is the price weighted index value of this Index?

   		34
   		29
   		32
   		17

1. Which of the following statements is (are) true regarding preferred stocks?

   		If a company does not have enough cash to pay dividends to preferred stock holders, they cannot pay dividends to common stock holders.
   		Preferred stock holders can vote to decide on major corporate events
   		If a company does not have enough cash to pay dividends to preferred stock holders, they cannot pay interests to its bondholders.
   		Preferred stocks are the same as common stocks.