Which of the following statements is correct?

1. Common stockholders have priority over preferred stockholders when it comes to dividend.

2. Preferredstockholdersreceivedifferentdividendamounteverytime.

3. Ifcompaniescannotpaythedividendstopreferredstockholder,thecompanieswillgobankrupted.

4. Preferred stock price never appreciate (i.e. increase).

5. Like bonds, preferred stockholders receive a fixed dividend that must be paid before dividends are

   paid to common stockholders.