All of the following are terms associated with preferred stock EXCEPT: callable cumulative redeemable convertible ABC Company has issued 8%, $100 par cumulative preferred stock. Two years ago, ABC paid a 4% preferred dividend. Last year, ABC paid a 5% preferred stock dividend. This year, ABC wishes to pay a common dividend. If the preferred stock is now trading at S94, a customer who owns 100 shares of the company's preferred stock will receive: a. $700 b. $800 c. $1,000 d. $1, 500