What is meant by the statement common stockholders have a residual claim on the issuing firms assets?

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What is meant by the statement “common stockholders have a residual claim on the issuing firm’s assets”? (LG 8-1)

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ISE Financial Markets And Institutions

ISBN: 9781265561437

8th International Edition

Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts

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