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Qiara Is a Holder of Preferred Stock in Rio Grande

Question 10

Multiple Choice

Qiara is a holder of preferred stock in Rio Grande Irrigation & Development,Inc.Qiara has priority over holders of Rio common stock as to

A) nothing.
B) payments of dividends.
C) the date on which Rio must repurchase the shares.
D) upward changes in the market price of the shares.

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