Question 20 How is preferred stock similar to common stock? Both preferred and common stockholders can claim the periodic interest payments. Both preferred and common stockholders have voting control of a firm. Both preferred and common stockholders cannot sue a corporation for the non-payment of dividends. D Both preferred stock dividends and common stock dividends are fixed. B Question 21 When people begin to expect a large stock market decline, the demand curve for bonds shifts to the and the interest rate A left; rises 8 left; falls c right; rises D right; falls