Which of the following statements is incorrect? Group of answer choices

Common stockholders take precedence over preferred stockholders in the payment of dividends and in the distribution of corporate assets in the event of liquidation.

Owners of common stock are not guaranteed dividend payments by the firm.

Common-stock holders have the right to vote on the selection of the board of directors for the firm.

The constant-growth stock has dividends growing at a constant rate over time.

Most of the answers are correct except one.