Which of the following statements are true?

1) The announcements of share issuance generally receive negative market reactions.

2) The announcements of share repurchase generally receive positive market reactions.

3) The price of common stocks is as stable as the price of preferred stocks.

4) The price of convertible preferred stocks is not related to the price of common stocks.

Only 1 and 2

Only 1 and 3

Only 1, 2, and 3

Only 1, 2, and 4

All of them