Question 9 4 pts Preferred stock is sometimes treated like a debt security because legally preferred stock is a debt security, preferred dividend payments are similar to bond interest payments and are fixed in nature regardless of the firm's earnings preferred dividends are deductible from taxable income just like interest payments on bonds. preferred stock holders receive a residual value and not a stated value. Question 10 4 pts Which of the following statements is TRUE? Preferred stockholders are considered to be the true owners of public corporations Preferred stockholders do not typically have voting rights. Preferred stock can never be converted to common stock Dividends paid to preferred stockholders are usually not fixed