4 poin Which of the following statements is NOT correct about the rights granted to common stockholders? a. Common stockholders have the right to elect a firm's directors. b. The manner in which stockholder control is exercised can be subject to state and federal law. c. Stockholders may transfer their right to vote to a second party by means of a proxy d. In large, publicly traded firms, managers typically have some stock but their personal holdings are generally insufficient to win voting control. e. Dividends due to common stockholders are cumulative W e completed in one sitting. Do not leave the test before clicking Save and Submit Question Completion Status: > Moving to another question will save this response Question 1 of 25 Question 1 4 points Save Answer Which of the following statements is false? a. When a corporation's shares are owned by a few individuals who are associated with or are the firm's management, we say that the firm is closely held. b. A publicly owned corporation is simply a company whose shares are held by the investing public, which may include other corporations and institutions as well as individuals. c. Going public establishes a true market value for the firm and ensures that a liquid market will always exist for the firm's shares d. When stock in a closely held corporation is offered to the public for the first time the transaction is called "going public and the market for such stock is called the new issue market. Oe. It is possible for a firm to go public, and yet not raise any additional new capital Husdon 8 4 points Save tewer The real risk-free rate of interest is 3 percent. Inflation is expected to be 4 percent this coming year, jump to 5 percent next year, and increase to 6 percent the year after (Year 3). According to the expectations theory, what should be the interest rate on 3-year, risk free securities today? a. 18 % b. 12 % c.6% .8% 10%