Which of the following is true about common stock?
A) Owners of common stock pledge some assets as collateral.
B) Owners of common stock have voting rights.
C) Owners of common stock remain under a legal obligation to repay the original debt plus interest.
D) Owners of common stock get a fixed amount of money within a given time frame while receiving interest payments on a regular basis.
E) Owners of common stock get a form of guaranteed dividend.

Question

Quizplus · Accepted Answer

Owners of common stock have voting rights. They have the right to vote on important company decisions such as electing board members and approving mergers and acquisitions. They do not pledge assets as collateral, have a legal obligation to repay debt, receive fixed payments, or guarantees for dividends.

Which of the Following Is True About Common Stock