A stockholder purchases $10,000 of a preferred stock that pays a 6 percent dividend annually. The stockholder has ________. Question content area bottom Part 1 A. no right to a dividend unless the corporation is liquidated B. the right to receive $600 each year as a dividend on the preferred stock. C. no right to a dividend unless the stock is redeemable D. no right to a dividend unless the stock is converted to common stock E. the right to receive $600 each month as a dividend on the preferred stock