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Which of the following statement is incorrect? A. A corporation can have more than one class of common stock. B. Preemptive rights can be used
Which of the following statement is incorrect?
A. | A corporation can have more than one class of common stock. | |
B. | Preemptive rights can be used to control the number of shares outstanding. | |
C. | Restrictive covenants can limit the actions of managers of a borrowing firm. | |
D. | Many corporate and municipal bonds contain a call provision. | |
E. | The U.S. Treasury is the main issuer of indexed bonds. |
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