Preferred stock has characteristics of both debt and common stock. Which characteristics of preferred stock resemble that of debt?

Group of answer choices

Preferred stock holders and debt holders do not have voting rights; preferred stock dividends are very stable making preferred stock like a perpetual bond

Preferred dividends and debt interest are tax deductible expenses; preferred stock and debt are classified as Shareholder Equity on balance sheet; preferred dividends and debt interest payments are discretionary

Preferred dividends and debt interest are tax deductible expenses; preferred stock holders and debt holders do not have voting rights

Preferred dividends and debt interest are both contractual payments; preferred stock and debt are considered liabilities on the balance sheet; preferred dividends and debt interest are tax deductible expenses