Which of the following is a common attribute or characteristic of preferred stock? Select one a. Omission of preferred stock dividends constitutes default b. Investors do not pay personal taxes on preferred dividends they receive c. Preferred stock pays dividends that grow at a constant rate indefinitely d. A firm cannot stop paying preferred dividends while continuing to pay common dividends An investment analyst believes that increased inflation will cause an increase in short-term and long-term Treasury securities. All else equal, what effect would this be expected to have on common stock prices? Select one: a. Will have no effect as common stocks are excellent hedges against inflation b. Will cause most common stock prices to decrease c. Will cause most common stock prices to increase