The Owner of Preferred Stock

The owner of preferred stock:

A) Is entitled to a distribution of income prior to the common shareholders.
B) Has the right to veto the outcome of an election held by the common shareholders.
C) Has the right to declare the company bankrupt whenever there are insufficient funds to pay dividends to the common shareholders.
D) Receives tax-free dividends if it is an individual and own more than 20% of the outstanding preferred shares.
E) Has the right to collect payment on any unpaid dividends as long as the stock is noncumulative preferred.