1.5 Which of the following statements is correct? Narks O a. In case of bankruptcy and liquidation of assets, common shares have priorities over preferred shares to claim their dividend. o b. Preferred shares typically have a fixed dividend, where as the dividend for common shares is determined by a firm's board of directors every year. C. A firm's residual earnings technically belong to the preferred shareholders. d. Preferred shares have more voting rights than common shares. O e. Preferred shareholders are the real "owner" of the firm