3- Rules and Rights of Common and Preferred Stock LEARNING OBJECTIVE: Compare the nature or ownership rights of common and preferred stock. Select the pairing that is correctly matched. a.) Preferred stock: May have a claim equal to its par value in the case of company liquidation. b.) Preferred stock: May only be sold on the primary market. c.) Common stock: Has a right to cumulative dividends. d.) Common stock: Best understood as a form of debt. SUBMIT MY ANSWER Report an issue with this question