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1 of 30 Which of the following statements is correct? O a Preferred shares have more voting rights than common shares b. Preferred shares typically have a fixed dividend, where as the dividend for common shares is determined by a firm's board of directors every year. Oc. A firm's residual earnings technically belong to the preferred shareholders od. In case of bankruptcy and liquidation of assets, common shares have priorities over preferred share to claim their dividend. O e Preferred shareholders are the real "owner of the firm. 2 of 30 Print ARC and Dreier Yvonnant inntinnt