QUESTION 40 Which of the following are characteristics of preferred stock? 1. A fixed-rate of return II. Priority claim to assets upon dissolution when compared to common stock III. A fixed maturity date IV. A priority claim to dividends over common stock of the same company O I, II, and IV I, III, and IV O II, III and IV Ill, and Ill QUESTION 41 Institutional trading without using the services of a broker-dealer takes place in the third market second market fourth marke: first market