Which of the following best describes a characteristic of common stockholders?

1. AThey receive fixed dividends
2. BThey have first claim on assets in liquidation
3. CThey have voting rights in corporate elections✓ Correct answer
4. DThey are guaranteed a return of principal

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• A cumulative preferred stockholder is entitled to:
• Convertible preferred stock is most attractive to investors when:
• Participating preferred stockholders may receive:
• A corporation issues both preferred and common stock. Which class of stock is most likely to have voting rights?