Which of the following statements comparing preferred stock to other f

Which of the following statements comparing preferred stock to other financial instruments is NOT true?

A) Like common shares, preferred dividends are after-tax payments for the firm.
B) Like bonds, preferred shares are issued with a face value.
C) Like bonds, most preferred shares have maturities of up to 30 years.
D) Like common shares, preferred dividends are typically paid quarterly.

ANSWER

C