Problem 8 Part 1 IB | Attempt 1/4 for 10 pts. Preferred stock is like long-term debt since both , but preferred stock also resembles equity since both O are tax-deductible expenses for the firm; have no definite maturity date O make regular, fixed payments; don't guarantee dividend payments O have a finite maturity date; have unlimited upside potential rank above common stock in the priority of claims; grant voting rights to the stockholder Submit