Which of the following statements is most correct? Select one: a. The preemptive right is less important to the stockholders of publicly owned company than to those of closely held firms. O b. A perpetual bond is similar to a no-growth common stock because both have definite lives. c. A perpetual bond is similar to a preferred stock because both enjoy positive capital gain yield. O d. A preferred stock is similar to a bond because it has a par value and a fixed dividend payment that will be paid after dividends are paid on the common stock. O e. Assume that Investor A and B agree on the expected value of dividend and on the dividend growth rate for company XXX. However, because investor A has a longer investment horizon than investor B, investor A will be willing to pay a higher price than investor B for the same company