Which of the following statements is TRUE?

a) we use the present value of annuity to solve for the price of a stock whose dividends are expected to vary

b) As an investor, you would buy stock at the " Buy" price and sell at the "Ask" price.

C) Ceteris Paribus, according to CAPM, higher market risk premiums would result in a lower stock price.

d)Preferred stockholders have the right to vote for U.Ss Presidents while common stockholders do not.