Given a lump sum in the future, the more frequent the compounding the

Question 35 options:

Which of the following statements concerning preferred shares is TRUE?

Question 36 options:

	Preferred shareholders have a prior claim on the income and assets of the firm as compared to the claims of lenders.
	Preferred stock dividends per share are normally increased as the earnings of the firm increase.
	Preferred stock dividends per share are usually not cut or suspended unless the firm is faced with serious financial problems.
	Preferred shares typically have a maturity date.
	None of the above