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Lita Is a Holder of Preferred Stock in Mit-E Detergents

Question 41

Multiple Choice

Lita is a holder of preferred stock in Mit-E Detergents, Inc. Lita has priority over holders of Mit-E common stock as to

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

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