E is Only II and III are false

Which of the following is false when it comes to preferred stock? L If a company suspends the dividend on its preferred stock, it must pay preferred stockholders all missed dividends before it can pay any dividends to common stock holders 11. Preferred stock holders are ahead of bond holders in line to receive assets following a liquidation Preferred stock dividends are guaranteed, unlike common stock dividends 111 Multiple Choice All are false None are false Only Il is false Only Ill is false