Which of the following statements is correct? O a Preferred shareholders are the real "owner of the firm O b. In case of bankruptcy and liquidation of assets, common shares have priorities over preferred shares to claim their dividend. 00 Preferred shares typically have a fixed dividend, where as the dividend for common shares is determined by a firm's board of directors every year. Od. Preferred shares have more voting rights than common shares O. A firm's residual earnings technically belong to the preferred shareholders