One advantage of preferred stock over common stock is that preferred stockholders a. have the right to vote for the board of directors. b. are entitled to a fixed dividend. c. participate in managing the company. d. get a cheaper price on stock.

B. are entitled to a fixed dividend is the correct answer.

Explanation:

A preferred stock gives the stockholder the advantage of having priority over common stockholders when it is about dividends, which can be fixed in terms of a benchmark interest rate. Preferred stockholders have rights that doesn't usually include voting. Due to this, letter B is the correct answer.