Which of the following statement is TRUE?

a. Preferred stockholders have priority over bondholders when it comes to the payment of dividends.

b. Preferred stock is similar to corporate bonds because dividends on preferred stock, like interest on bonds, are a tax-deductible expense to the corporation.

c. Preferred stockholders are considered to be the true owners of corporations.

d. Preferred stock is similar to corporate bonds because the corporation usually pays the holders of the securities a fixed amount.