Which of the following statements is true regarding the tax treatment of payments to securities holders? Interest and preferred stock dividends are not tax-deductible, while common stock dividends are tax deductible. Interest and preferred stock dividends are tax-deductible, while common stock dividends are not tax-deductible. Common stock dividends and preferred stock dividends are tax-deductible, while interest is not tax-deductible. Common stock dividends and preferred stock dividends are not tax-deductible, while interest is tax-deductible