QUESTION 5 Which of the following is incorrect with respect to preferred stock? Preferred stock is largely owned by other companies rather than individual investors. Preferred stock dividends do not grow Preferred stock takes preference over common stock in bankruptcy proceedings All of these choices are correct None of these are valid QUESTION 2 Dividend yield is defined as: the last four quarters of dividend income expressed as a percentage of the current stock price. the next quarterly dividend to be paid expressed as a percentage of the current stock price. the last quarterly dividend paid expressed as a percentage of the current stock price. the last four quarters of dividend income expressed as a percentage of the par value of the stock. None of these are valid