SIE practice questionhardVoting Rights
A corporation issues both preferred and common stock. Which class of stock is most likely to have voting rights?
- ANeither class can vote
- BPreferred stock
- CBoth classes always have equal rights
- DCommon stock✓ Correct answer
Explanation
Why D — Common stock
Common stockholders usually have voting rights; preferred stockholders generally do not. Equal or no rights for both classes is inaccurate.
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