The information about Name Fields is:
3.1 Prefix
This is for a name prefix or title such as Mrs, Sir, Dr, Gov, Sgt, etc.
(Note no periods after the abbreviated prefix or title).
And:
3.9 Suffix
It is better to put Dr. in the Prefix field than Ph.D. or M.D.in the suffix.
(Note periods included).
Conclusion: The Prefix field is limited to 10 characters. If the length of the prefix or title to be added is less or equal to 10 characters we can spell it out making it more reader-friendly. If greater than 10 characters periods may or may not be used in the abbreviation based on the source and making it as understandable as possible.