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All of the following are characteristics of common stock EXCEPT: (Select the best choice below.) A. That there is no fixed payment obligation. B. Voting

All of the following are characteristics of common stock EXCEPT:

(Select the best choice below.)

That there is no fixed payment obligation.

Voting rights which permit selection of the firm's directors.

Claims on income and assets which are subordinate to the creditors of the firm.

The dividends are tax-deductible for issuing corporation.

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