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Predict the product of the reaction shown below and draw a mechanism to rationalize its formation.Include all necessary lone pairs, curved arrows, and nonzero formal charges.
Preferred Stock
A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, usually with fixed dividends.
Common Stock
Equities, or equity securities, issued as ownership shares in a publicly held corporation. Shareholders have voting rights and may receive dividends based on their proportionate ownership.
Dividends
Payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.
ROE
Equity Return, which is determined by dividing the net income by the equity of shareholders, is a method used to evaluate financial success.
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