When comparing fixed rate Bonds with with finite life Preferred Stock, the following statement is not true

Both make fixed payments.

Preferred share uses the same model used for bond valuation: present value of dividends and the repayment of par value

Bonds are debt, but preferred stock is equity.

The same model used for bond valuation: present value of dividends and the repayment of par value

Preferred stock prices tend to fluctuate less than bond prices.