Which of the following statements is not correct? As partial owners of a corporation, common stockholders are allowed to vote for its Board of Directors, have limited personal liability, but could lose their entire investment if the company fails. Preferred stockholders have an ownership interest in a company, typically are not granted voting rights, and must be paid their dividend in full before common stockholders are allowed to receive any dividends from the company Bondholders are not allowed to vote for a corporation's Board of Directors, but bondholder claims to the company's assets have priority over those of stockholders should the corporation declare bankruptcy. As a group, the Board of Directors of a corporation must own at least 10% of the company's publicly traded stock and typically manage the company with the goal of maximizing sales and revenue