Question 1 1pts Which of the following statements about preferred shares is FALSE? a. Preferred shares will be in the same repayment priority order as general bond holders in the event of a default b. Preferred shares are "nonparticipating" in that they are not able to vote on shareholder motions such as voting for board members. c. They typically carry cumulative dividend payments, which must be paid before common shareholders can receive dividend payments. d. Can have embedded warrants, which allow the preferred shareholder to convert to common equity with certain provisions