The owner of preferred stock:

a.is guaranteed voting rights similar to a common shareholder.

b.has the right to collect payment on any unpaid dividends as long as the stock is non-cumulative preferred.

c.has the right to veto the outcome of an election held by the common shareholders.

d.is entitled to a distribution of income prior to the common shareholders.

e.owns shares that generally have a stated liquidating value of $1,000 per share.