Alphabet has three classes of stock, A shares: GOOGL, B shares (which are owned by insiders and do not trade on the public markets), and C shares: GOOG. Class A shares get 1 vote, B shares get 10 votes and C shares get no voting rights. (C shares are a result of a stock split of A shares.Class A shareholders - at the time of the split - were given a C share, but it came with no voting rights.) There are ~300 million A shares outstanding, ~50 million B shares, and ~350 million C shares. For what it's worth, the company continues to issue C shares to finance acquisitions and reward employees.

a)Look at the prices of A and C shares.Is there a premium to hold A shares vs. C shares?What is the value, in dollars per share, of the voting power that comes with A shares? This answer requires a limited amount of investigation.( 1 pt)

b) What does the multi-class share arrangement say about shareholder voting power? How does this impact your view of the power of management, the board, and shareholders? Sufficient insights to answer this are found in the readings on Canvas.(1 pt)