Please answer to question 1 only. thank you

Which of the following statement is most correct? O a. Preferred stockholders have priority over bondholders O b. Convertible bond gives bond issuer the right to convert the bond to equity on a predetermined date O C. Preferred stock holders have lower risk than common stockholders Od A stock's dividend yield can never exceed the expected growth rate Oe. Callable bond gives bond holders the right to retire the bond before the maturity Clear my choice Which of the following statements is CORRECT? I. Corporations are subject to corporate income tax while partnerships are subject to partnership income tax. II. Proprietorships are subject to more regulations than corporations. III. One of the advantage of the partnership is that it avoids double taxation. O a. Only Ill is correct O b. Only II and III are correct Only II is correct O d. Only I and II are correct Oe. Only I and III are correct Clear my choice