The cost of preferred shares reflects the rate that the firm would need to offer if it issued new preferred shares today

Funds can be legally withdrawn from a brokers trust fund by:

a. a bonded employee specifically authorized, in writing, to do so. b. any licensed salesperson. c. anyone employed by the broker. d. the brokers personal secretary.

A trust deed can have a provision that allows future loans on the property to have priority. This would be called:

A: An assignment clause; B: A release clause; C: A subordination clause; D: An acceleration clause.