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Lita Is a Holder of Preferred Stock in Mighty Clean

Question 35

Multiple Choice

Lita is a holder of preferred stock in Mighty Clean Detergents,Inc.Lita has priority over holders of Mighty common stock as to


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

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