Which is not a characteristic of common stock ownership? eligible to vote on corporate matters O right to receive interest payments residual claimant on corporate assets and profits O entitled to dividend payments if declared by board of directors
Which is not a characteristic of common stock ownership? eligible to vote on corporate matters O right to receive interest payments residual claimant on corporate assets and profits O entitled to dividend payments if declared by board of directors
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![Which is not a characteristic of common stock ownership?
O eligible to vote on corporate matters
O right to receive interest payments
residual claimant on corporate assets and profits
entitled to dividend payments if declared by board of directors](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd09e0c28-a6f3-4129-939e-c965b3b7b8e2%2F779e906e-247f-440e-a1f7-c6795bdafd7e%2F7rhdx8_processed.png&w=3840&q=75)
Transcribed Image Text:Which is not a characteristic of common stock ownership?
O eligible to vote on corporate matters
O right to receive interest payments
residual claimant on corporate assets and profits
entitled to dividend payments if declared by board of directors
Expert Solution
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Step 1
In a market, when an individual owns common stock of the company, he gets some rights.
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