From the Issuing Firm's Point of View, One Advantage of Preference

From the issuing firm's point of view, one advantage of preference shares over bonds is [blank].

A) preferred dividends are a deductible expense for tax purposes
B) preferred voting privileges concentrate power in the hands of managers and major shareholders
C) a dividend payment can be skipped without triggering bankruptcy
D) bonds don't have a maturity date, whereas preference shares do