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Which of the following statements regarding shares is false? By issuing shares, the firm raises money. Buying shares enables outsiders to specialize in things other

Which of the following statements regarding shares is false?

By issuing shares, the firm raises money.

Buying shares enables outsiders to specialize in things other than running the firm.

Issuing shares ensures that the founders of the firm retain as much control over decision-making as possible.

Shares can be bought and sold on secondary markets.

Shareholders are residual claimants.

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