Which of the following statement is most correct?

a) A big advantage of preferred stock is that preferred stock dividends are tax deductible for the issuing corporation

b) One of the advantages to the firm associated with financing using preferred stock rather than common stock is that control of the firm is not diluted.

c) Preferred stock typically pays a dividend amount that increases annually.

d) Preferred stockholders have the legal right to force the firm into bankruptcy, if the firm fails to pay dividends on preferred stocks.