Which of the following statements is NOT correct?

Select one:

a.Although shares may be redeemed (sold back to thefirm), we usually value them as if they will last forever.

b.If you lend money to a firm, you have a residual claim over the income and assets of the firm.

c.If you buy shares in a firm, you have a residual claim over the income and assets of the firm.

d.It is possible for a debt security to have a variable rate of return.