In the event of a corporate liquidation, a hybrid preferred generally has a priority in liquidation
A) equal to common stock
B) above common stock but below preferred stock
C) equal to preferred stock
D) equal to unsecured debt
Answer: D
In the event of a corporate liquidation, a hybrid preferred generally has a priority in liquidation
A) equal to common stock
B) above common stock but below preferred stock
C) equal to preferred stock
D) equal to unsecured debt
Answer: D