In case of liquidation $($at bankruptcy$),$ preferred stockholders are $\_\_\_\_\_\_\_\_\_\_\_\_$ to common

stockholders.

A$)$ Senior to debtholders and junior.

B$)$ Junior to debtholders and senior.

C$)$ Junior to debtholders and junior.

D$)$ Senior to equity security holders and senior.

E$)$ None of the above.