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Which of the Following Are the Typical Rights Afforded to Preferred

Question 113

Multiple Choice

Which of the following are the typical rights afforded to preferred shareholders?


A) A preference to receive dividends when declared by the board of directors after common shareholders receive their dividends.
B) A preference to receive the liquidation value of the assets as stated in the share contract after common shareholders receive their share.
C) The right to vote on major corporate issues including electing the board of directors.
D) A preferential right to receive dividend and a preference to receive the liquidation value of assets over common stock holders.

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