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As a preferred stockholder, you are entitled to numerous preferences and privileges over common stockholders....

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Accounting

As a preferred stockholder, you are entitled to numerous preferences and privileges over common stockholders. If you are a preferred stockholder of a company that has fallen on economic hardship and is likely to go bankrupt, which preference or privilege of preferred stock is going to be most useful to you?

Select one:

A. Dividend preference

B. Liquidation preference

C. Participation privilege

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