Which of the Following Statements Is True

Which of the following statements is true?

A) Common stock is a more conservative investment than preferred stock.
B) Dividends on preferred stock are less secure than dividends paid to common stockholders.
C) Preferred stockholders have a priority claim on dividends before common stockholders.
D) As the basic form of ownership, common stockholders receive their dividends before any other class of stock.
E) As the basic form of ownership, common stockholders have a priority claim on a firm's assets if the firm enters bankruptcy.