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All of the following are features of common stock except: A. Shareholders' cash flow come in the form of either dividends received or selling price
All of the following are features of common stock except:
A. | Shareholders' cash flow come in the form of either dividends received or selling price | |
B. | Shareholders have residual claims on the firm s operating income | |
C. | Can vote to nominate a new board of director | |
D. | Payments to shareholders are promised and of a fixed amount | |
E. | The shareholders' required return is usually equal to the stock's expected return |
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