Test 5- Requires Respondus LockDown Browser ne Left: 1:31:35 Ralph King: Attempt 1 Question 15 (0.125 points) Cumulative preferred stock A) requires dividends in arrears to be carried over into the next period (B) has a right to vote cumulatively C) has a claim to dividends before bonds D) has a higher required return than common stock Question 16 (0.125 points) Consider the following four types of payments that could be made by a normal operating firm: interest, common dividends, income taxes, and preferred dividends. Compared to the other payments mentioned, where would you rank common dividend payments in terms of the order of payment if the firm is liquidating? first second third fourth