When a preferred stock requires that all past unpaid preferred stock dividends must be paid before any common stock dividends can be declared, this preferred stock has a ________ feature

The buyer determines how much to pay for the bonds by computing the present value of these future cash receipts using the contract rate of interest

Indicate whether the statement is true or false

Drivers Harris and Stein live in a state having no-fault auto insurance. Stein causes an accident by hitting Harris's car. Stein is not hurt. Harris spends three days in the hospital at a cost of $5,300 . Compute the amount each driver's insurance company pays toward medical expenses