Please answer with explanations. All information is in the screenshot I included.

1. Types of common stock Aa Aa E True or False: In some cases, individuals who start a business have special voting rights that help them exercise more control over the firm. They own a special class of stock called founders' shares. Consider this case: Mario Hathaway is a majority shareholder of Wizard Inc. He owns Class A shares, with largerthanproportionate voting rights, of Wizard Inc. Based on this example, which of the following statements is true? 0 Classified shares are not issued with the purpose of providing super-voting rights to a certain Class of investors. O Classified shares are issued to provide supervoting rights to a certain class of investors