If French's loses its dominance in the mustard market and eventually goes "belly up", its preferred shareholders carry senior positions as claimants in bankruptcy over the common shareholders.

Name: If French's loses its dominance in the mustard market and eventually goes "belly up", its preferred shareholders carry senior positions as claimants in bankruptcy over the common shareholders.
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Question

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Preferred shareholders carry senior positions to common shareholders in liquidation distributions.

If French's Loses Its Dominance in the Mustard Market and Eventually