Preferred stock is often referred to as a hybrid security for which of

Preferred stock is often referred to as a hybrid security for which of the following reasons?

A) Preferred stock dividends are fixed like bond payments but the maturity is indefinite like common stock.
B) Preferred stockholders have preference over common stock holders in bankruptcy, but are subordinate to bondholders.
C) Both A and B are typically true.
D) Neither A nor B are typically true.

ANSWER

C