Preferred Shareholders Are Generally Granted the Right To

question 296

Multiple Choice

Preferred shareholders are generally granted the right to:

• A) Vote for the members of the board of directors.
• B) Vote on any proposed merger or acquisition.
• C) Receive payment prior to the creditors in a liquidation.
• D) First priority for any dividend distributions.
• E) Collect prior dividends which were unpaid provided that the stock is noncumulative.