Preferred vs Common Stock

Which of the following statements best describes preferred stock in comparison to common stock?

  1. Preferred stockholders have voting rights, while common stockholders do not.
  2. Preferred stock dividends are generally variable, while common stock dividends are fixed.
  3. Preferred stock typically has a higher claim on assets and earnings than common stock, but usually does not carry voting rights.
  4. Common stock has priority over preferred stock in dividend payments and liquidation proceeds.