Which one of the following statements is true? Group of answer choices Equity securities offer fixed claims on future cash payouts. Unlike bondholders, stockholders rely entirely on price appreciation for their returns. In theory, common stockholders exercise very little control over company decisions. Historically, common stockholders have earned a risk premium as compensation for risk borne in excess of government bonds. Common stockholders are the first investors to be repaid in bankruptcy liquidation. None of the options are correct.