In exchange for liquidation preference , preferred stockholders often relinquish voting rights; dividend preference. voting rights; liquidation preference over creditors.
What is liquidation preference?
This is a term that is used to refer to the shareholders that may get to be paid first in the event of a liquidation of assets.
The preferred stakeholders would be the ones that would receive their money first in the face of such.
Read more on liquidation here: https://brainly.com/question/3616817
