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The word preferred refers to those shareholders receiving dividends before:

ACentral bankers
BCommodity traders
CCommon shareholders
DCorporate lenders
Answer & Solution
Correct answer: C. Common shareholders
1. Past and present dividends are covered. 2. Ordinary holders wait. 3. They come before common shareholders. _Source: OpenStax Principles of Finance 2e, Chapter 11, Stocks and Stock Valuation._
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