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The majority of publicly traded Swiss corporations have up to three classes of common stock: - Registered stock - Voting bearer stock - Nonvoting bearer

The majority of publicly traded Swiss corporations have up to three classes of common stock:

- Registered stock

- Voting bearer stock

- Nonvoting bearer stock

Until 1989, foreigners were not allowed to buy registered stocks. In the case of Nestl this had the effect of

distorting the prices of registered stock downward.
distorting the prices of registered stock upward.
this had no effect on prices.
none of the options

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