Q:Takes a firm stand on the program of the administration and publicized its views
A: Loyal Opposition
Answer: See explanation
Explanation:
A bond is regarded as a fixed income instrument and it's a loan that an investor makes to a borrower. On the other hand, in preference shares, dividends have to be paid out to the shareholders before the issuance of common stock dividends.
We should note that whilw bonds typically have a maturity date, the preference shares do not have a maturity date.
During bankruptcy, bondholders are more likely to get paid than the holders of preference shares. When there's default, bondholders can go to court since they've a legal obligation to get paid unlike the holders of preference shares who do not.
