[a. Common dividends b. Prefered dividends] have a higher payment priority than do [a. bond interest payments b. preferred dividends c. common dividends d. zero coupon payments e. bond interest payments]

The popularity of money market mutual funds is best explained by which of the following? (Select the best choice below) O A. The desire of small investors to earn returns that exceed interest paid on bank deposits. Because mutual funds are often large, they carry implicit guarantees by O B. the federal government to safeguard investor against failure. O C. The fact that they are insured, like bank deposits. O D. Money market mutual funds allow small investors to earn high returns by enabling them to assume greater risk O E. As a last resort, investors can always sell mutual fund shares to a Federal Reserve bank