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Orange Corporation has two classes of common stock outstanding. The Class A and Class B common stock give the shareholders identical rights and interests in

Orange Corporation has two classes of common stock outstanding. The Class A and Class B common stock give the shareholders identical rights and interests in the profits and assets of the corporation. Class A stock has one vote per share. Class B stock is nonvoting. Orange Corporation may

A.

make the S election at any time.

B.

make the S election once the Class B is retired.

C.

not make the S election due to different voting rights.

D.

not make the S election due to two classes of stock.

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