2. Types of common stock True or False: To segment the rights to which certain common shareholders are entitled, companies often separate common equity into more than one class of shares called classified stock. True False 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. Classified shares are issued to provide super voting rights to a certain class of investors