Which of the Following Is  NOT  True with Respect to Preferred

Multiple Choice

Which of the following is  NOT  true with respect to preferred stock?

A) Preferred stock usually does not allow for significant voting rights.
B) If the firm does not have sufficient earnings to pay the preferred stock dividends, the preferred shareholders may force the firm into bankruptcy.
C) Normally, the owners of preferred stock do not participate in the profits of the firm beyond the stated fixed annual dividend.
D) Payment of preferred dividends is not a tax-deductible expense.
E) All of these are correct.