( D ) is correct. Cumulative Preferred will receive dividends before noncumulative preferred, then is common stock. Warrants to do not receive dividends.

Training Mode

Unit 1 Unit 2 Unit 3 Unit 4

Rank the following securities according to the likelihood of them paying a dividend in any given quarter from MOST likely to LEAST likely:

Noncumulative Preferred Stock, Common Stock, Cumulative Preferred Stock, Warrants

Cumulative Preferred Stock, Warrants, Noncumulative Preferred Stock, Common Stock

Cumulative Preferred Stock, Noncumulative Preferred Stock, Warrants, Common Stock

Cumulative Preferred Stock, Noncumulative Preferred Stock, Common Stock, Warrants