2. Types of common stock Aa Aa True or False: To segment the rights to which certain common shareholders are entitled, companies common equity into more than one class of shares called classified stock. often separate O False O True Consider this case: Mario Hathaway is a majority shareholder of Wizard Inc. He owns Class A shares, with larger-than-proportionate voting rights, of Wizard Inc. Based on this example, which of the following statements is true? Classified shares are not issued with the purpose of providing super-voting rights to a certain class of investors O Classified shares are issued to provide super-voting rights to a certain class of investors