A particular issue of stock carries a stated dividend rate of8%; that if this di

A particular issue of stock carries a stated dividend rate of8%; 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 isa. common stockb. preferred stockc. cumulative preferred stock with a liquidationpreferenced. noncumulative preferred stock with aliquidation preference