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40. What is true about a joint stock company? a. It can have a perpetual existence like a corporation. b. Like a corporation it is

image text in transcribed 40. What is true about a "joint stock company"? a. It can have a perpetual existence like a corporation. b. Like a corporation it is formed under state statutes. c. Like a corporation it is usually managed by directors and managers. d. All of the above. e. a. and c

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