Which of the following is incorrect concerning the trading of common stock in the U.S. financial markets?

Select one:

a. Common stock usually has no special preference in bankruptcy.

b. On or after the ex-dividend date, the buyer will not receive the next dividend.

c. The ask price is the price at which a dealer will sell the stock in question.

d. Most trading of common stocks is now done electronically.

e. Each time a share of a firms common stock trades a stock exchange, the firm receives additional new funding.