Question: In a normal liquidation situation, _ _ _ _ _ _ _ _ _ _ _ are lower than preferred stockholders on the priority list

In a normal liquidation situation, ___________ are lower than preferred stockholders on the priority list of claims on liquidation proceeds.
Select one:
a. contributions to employee benefit plans
b. consumer claims
c. common stockholders
d. unsecured creditors
e. administrative expenses associated with the bankruptcy

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