Which of the following is CORRECT? Preferred Stock is like fixed income because it represents a creditor stake in the firm. Preferred Stock is preferred because the returns are always fixed. Preferred Stock is only held be the founders of the firm. Prefered Stock is not a real thing, and Watson dresses funny. Prefered Stock is valued by using a version of the NPV (NPV = D/rp) that is the same as the present value of a perpetuity