A cumulative dividend preference means that: A. preferred stockholders are paid dividends before common stockholders are paid dividends for the current year only. B. unpaid cash dividends to preferred stockholders must be replaced with stock dividends during the current period. C. preferred stockholders are paid their full fixed dividend rate each period as long as the company is in operation. D. unpaid dividends to preferred stockholders accumulate and must be paid before common stockholders receive dividends.

Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.