Which of the following statements concerning preferred stock istrue?A. Preferred

Which of the following statements concerning preferred stock istrue?A. Preferred stockholders have a prior claim on the income andassets of the firm as compared to the claims of lenders.B. Preferred stock dividends per share are normally increased asthe earnings of the firm increase.C. Preferred dividends per share are usually not cut or suspendedunless the firm is faced with serious financial problems.D. Preferred stockholders are the ultimate owners of the firm.Mortgage bonds are __________.A. secured by a lien on the issuers general assetsB. secured by the lien on the issuers specific real assetsC. usually secured by assets such as common shares of one of theissuers subsidiariesD. a form of unsecured debtFrom the lessees viewpoint the relevant discount rate forevaluating a lease versus buy decision is the __________.A. cost of issuing new common stockB. pretax cost of issuing debtC. after-tax cost of issuing debtD. lessors cost of debt