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Which of the following statements is false? Which of the following statements is false? a) Companies issue stock to gain access to capital markets b)

Which of the following statements is false? Which of the following statements is false?

a) Companies issue stock to gain access to capital markets

b) Companies are not obligated to pay dividends to shareholders

c) Preferred stock have preference over common equity in a liquidation, but typically have no voting rights

d) All share classes have equal voting rights

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