Question: Which statement below is CORRECT about stock? Stockholders are creditors and have no ownership of the firm. Stock represents the debt that the firm has.

Which statement below is CORRECT about stock?
Stockholders are creditors and have no ownership of the firm.
Stock represents the debt that the firm has.
Stockholders are agents of the firm.
Stock always has a face value to be redeemed at maturity.
One source of cashflows that stockholders can receive from stock is the dividend.

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