Elvin Inherited 1000 Shares of 7% Preferred

Multiple Choice

Elvin inherited 1000 shares of 7% preferred. She has been assured by her broker that the company is in sound financial health even though it did not pay any dividends this year. Elvin should next find out whether

A) the preferred stock is included under the registered class rights.
B) there is any collateral for these shares.
C) rights are cumulative.
D) rights are participating.
E) this preferred stock qualifies for the dividend tax credit.