Which of the following would NOT generally be considered a typical aspect of a Closely Held company? a. The stock of the company is traded on a secondary exchange. b. There are few shareholders. O c. The shareholders are also the managers. d. The officers are agents of the company. e. All of the above are typical aspects of a Closely Held Company. Which of the following represents the hierarchy of liquidation, in order of first to last? 23. Which of the following represents the hierarchy of liquidation, in order of first to last? O b. Preferred Stock, Debt, Common Stock O c. Common Stock, Preferred Stock, Debt O d. Common Stock, Debt, Preferred Stock O e. Debt, Preferred Stock, Common Stock Generally, which is not an element of a share of Preferred Stock? a. Preferred Stock is perpetual O b. Preferred Stock pays a fixed dividend c. The holder of the Preferred Stock has voting rights d. The holder of the Preferred Stock is entitled to a distribution from liquidation ahead of Common Stock holders e. All of the above are elements of Preferred Stock A holder of a debt security is entitled to all of the following, except: a. Interest on the outstanding principal. b. A share of the profits of the firm. c. Repayment of the principal. d. Right to use the legal system to enforce the terms of the debt security. O e. All of the above are provisions of a debt security