Which of the following is true of non-voting common stock?
A) It is not legal in Canada to issue common stock without voting rights.
B) A "coattail" provision requires that 2/3 of all common stock carry voting rights.
C) Non-voting common stockholders must be paid a dividend each year.
D) Non-voting shares must receive dividends no lower than dividends on voting shares.
E) Non-voting shares commonly sell at a premium over voting shares.
Correct Answer:
Verified
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