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a. The stockholders are the firm's owners but have a lower claim to the firm's assets than do the creditors. b. Both creditors and stockholders

a. The stockholders are the firm's owners but have a lower claim to the firm's assets than do the creditors. b. Both creditors and stockholders vote to elect the board of directors. c. Stockholders are the owners of the firm but the creditors vote on all major decisions. d. The stockholders have first claim to the firm's assets but the creditors are the owners.

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