If you are a preferred stockholder at CDE Corporation and CDE goes out of business, your claim on the firm's assets:

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Preferred stockholders have a higher claim on a firm's assets than common stockholders in case of bankruptcy or liquidation. Their claim takes precedence over common stockholders, but not over the claims of any creditors. However, it is limited to any preferred dividends the company has not paid.

If You Are a Preferred Stockholder at CDE Corporation and CDE