Companies can issue different classes of common stock.
Companies can issue different classes of common stock. Which
of the following statements concerning stock classes is correct?
A. all common stock, regardless of class, must have voting rights
B. Most firms have several classes of common stock outstanding
C. All classes of common stocks are subordinate to preferred stock with respect to rights to payment in the case of bankruptcy and liquidation
D. All common stock fall in one of three classes: A, B, C.
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