Johnson & Jackson Ltd$.$ are facing financial difficulties and has issued $1000$ preference shares with a fixed dividend rate of $8\%$ per share. Each year, the company pays dividends; however, due to cash flow constraints this year, the directors do not believe they can meet the dividend obligations. Which of the following statements about preference shares is$$correct$?$i$.$In some cases, if the shares are$$cumulative$,$ the company may skip the dividend, but it would not be indefinite and the preference shareholders would have to receive the fixed dividend in the next round of payments.$$ii$.$Preference shareholders have priority over ordinary shareholders in terms of dividend payments. Preference shares feature ordinary shares and debt. $$iii$.$In times of difficulty, the company is required to pay the fixed divided before distributing any dividends to ordinary shareholders. Preference shares can offer holders fixed$-$rated and variable$-$rate dividends. $$iv$.$Preference shareholders have voting rights and are a source of short$-$term equity funding.

i$,$ ii and v$.$

ii and iv only.

ii$,$ iii and iv$.$

ii and iii only.

All of the options.