QUESTION 73

1. Which of the following asset classes have had the best long-term investment returns?

   		a. Treasuries.
   		b. Stocks.
   		c. Bonds.
   		d. Real estate.

QUESTION 74

1. A type of preferred stock whose dividend payments are never considered in arrears is:

   		a. Non-participating preferred stock.
   		b. Participating preferred stock.
   		c. Non-cumulative preferred stock.
   		d. Cumulative preferred stock.