BBANBOB, you said the following.
And in my math classes over the years 75% beats 25% in a BIG WAY
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Let us look at it in another way since the 75/25 is a trigger that sends some into Nutzville. All one has to do is look up the meaning of PREFERRED so in most people's English classes Preferred means ahead of others or simply a PRIORITY.
Preferred shareholders have priority over a company's income, meaning they are paid dividends before common shareholders.
Common stockholders are last in line when it comes to company assets, which means they will be paid out after creditors, bondholders, and preferred shareholders.
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