Olin 13.20 Question 13 5 points This occurs because the old bond's coupons the yield to matunity of the bond When an old bond's market value is above its par valse, the bond is selling at a A premium below discount below c discount, above premium above Question 15 Cumulative preferred stock: GA has a claim to dividends before bonds. B requires dividends in arrears to be carried over into the next period. c has a right to vote cumulatively. has a higher required return than common stock. D