Preferred stockholders hold a claim on assets that has priority over the claims of
A. both common stockholders and bondholders.
B. neither common stockholders nor bondholders.
C. common stockholders, but after that of bondholders.
D. bondholders, but after that of common stockholders.
Answer:C
Preferred stockholders hold a claim on assets that has priority over the claims of
A. both common stockholders and bondholders.
 B. neither common stockholders nor bondholders.
 C. common stockholders, but after that of bondholders.
 D. bondholders, but after that of common stockholders.
