2. Which of the following is/are True? 1. IL III In general, low grade bonds are riskier than common stock Subordinated debentures are riskier than senior debt. Common stockholders have legal recourse if dividends are not declared just as bondholders have legal recourse if coupon payments are not paid. Bondholders and common stockholders vote on the corporate Board of Directors IV A 1 B. IL C. III D. I and II E. IL and III F. All of the above