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Question 1 (4 points) Which one of the following comparisons between debt and equity is correct? Both creditors and stockholders vote to elect the board

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Question 1 (4 points) Which one of the following comparisons between debt and equity is correct? Both creditors and stockholders vote to elect the board of directors. The stockholders have first claim to the firm's assets and are the owners. Stockholders are the owners of the firm and vote on all major decisions. The creditors are the firm's owners and they have a higher claim to the firm's assets than do the stockholders

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