Which of the Following Is Not a Feature Associated with an Investment

Which of the following is not a feature associated with an investment in preferred stock?

A) The dividend is typically a fixed amount.
B) If a dividend payment is skipped, it must typically be made up before common shareholders can receive any dividends.
C) Preferred shareholders usually have the right to vote on members of the board of directors, mergers, and shareholder proposals.
D) The preferred stock may be convertible to common stock.