Please answer Question 18

Question 18 Corporations issue convertible debt for two main reasons. One is the desire to raise equity capital that, assuming conversion, will arise when the original debt is converted. The other is the ease with which convertible debt is sold even if the company has a poor credit rating. the fact that equity capital has issue costs that convertible debt does not. that many corporations can obtain financing at lower rates. that convertible bonds will always sell at a premium. Question 19 3 pts Preferred stock is called "preferred" because it usually has two preferences. These preferences relate to: Dividends and voting rights. Par value and dividends. The preemptive right and voting rights. Assets at liquidation and dividends. Question 20 14 pts The stockholders' equity section of Benton Corporation's balance sheet as of December 31, 20x8 is as fol Common stock $1 par value, 400,000 shares authorized, 250,000 shares issued and outstanding $250.000