Which of the Following Statements Is TRUE

Which of the following statements is TRUE?

A) Preferred stock usually has a stated or par value and, like bonds, this par value is not repaid at maturity because preferred stocks do not have a maturity date.
B) The par value for preferred stock, unlike bonds, is never paid back.
C) A preferred stock's cash dividend due each year is based on the stated dividend rate times the market value of the stock.
D) Some preferred stocks are cumulative in dividends, meaning that if a company skips a cash dividend, it must pay it at some point in the future.