Which one of the following statements is correct?

		Both preferred stock and corporate bonds can be callable.
		Both preferred stock and corporate bonds have a stated liquidation value of $1,000 each.
		Interest payments to bondholders as well as dividend payments to preferred shareholders are tax-deductible expenses for the issuing firm.
		Bondholders generally receive a fixed payment while preferred shareholders receive a variable payment.
		Preferred shareholders receive preferential treatment over bondholders in a liquidation.