7. Which one of the following statements is correct?- A. B. C. Preferred stock cannot be callable. Preferred stock generally has a stated liquidation value of $100 per share. Preferred dividends are generally variable in amount." 8. Dividends are best described as: A. B. D. cash payments to shareholders. cash payments to either bondholders or shareholders. cash or stock payments to either bondholders or shareholders. 9. Which of the following statements are correct? I. II. III. IV. V. A shorter payback period is preferred over a longer payback period. The payback rule states that you should accept a project if the payback period is less than one year. The payback period ignores the time value of money. The payback rule is biased in favor of short-term projects. The payback period considers the timing and amount of all of a project's cash flows. A. B. C. I and IV only III, IV, and V only I, III, and IV only