Help with understanding the answer as well for this question

Which of the following statements is most correct? Select one: O a. The preemptive right is more important to the stockholders of publicly owned company than to those of closely held firms. O b. A preferred stock is similar to a bond because it has a par value and a fixed dividend payment that must be paid before dividends can be paid on the common stock. . 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. Od A perpetual bond is similar to a no-growth common stock because both have definite lives. Oe. A perpetual bond is similar to a preferred stock because both enjoy positive capital gain yield