A preferred stock is an investment instrument:

Group of answer choices

allow the holder to purchase shares of stock in a company at a particular price and prior to an expiration date.

where the purchaser receives a fixed-rate dividend payment and can expect to receive a portion of net income of the company up to the amount of the fixed-rate dividend payment.

where the purchaser buys an ownership interest in the company and shares proportionately in the net income (or loss) of the company.

where a borrower agrees to make payments of interest and principal on particular dates to the holder of the debt.