What is the product,Z,of the following reaction sequence? 
Definitions:
Preferred Stock
A type of stock that provides holders with certain privileges over common stockholders, typically with fixed dividends and priority in asset distribution upon liquidation.
Par Value
The face value of a bond or a stock's stated value per share, which may bear no relation to its market value.
Price-Earnings Ratio
A financial ratio that measures a company's current share price relative to its per-share earnings, indicating the value assigned by the market for every dollar of earnings.
Financial Analysis
The process of evaluating businesses, projects, budgets, and other finance-related transactions to determine their performance and suitability.
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