A particular issue of stock carries a stated dividend rate of 8%; that if this d

A particular issue of stock carries a stated dividend rate of 8%; that if this dividend is not paid during a particular year itwill be paid in a subsequent year before common stock dividends arepaid; and that upon liquidation of the corporation the owner willreceive $300 per share before the common stockholders get anything.This stock is A. common stock B. noncumulative preferred stockwith a liquidation preference C. preferred stock D. cumulative preferred stock with aliquidation preference