Which of the following best describes the group that benefits when a firm issues dual-class shares?
A) Dual-class shares are issued to new shareholders, and generally carry have fewer votes per share than the other classes of common shares.
B) Dual-class shares are issued to new shareholders, and generally carry have more votes per share than the other classes of common shares.
C) Dual-class shares are issued to the founders of the firm, and generally have fewer votes per share than the other classes of common shares.
D) Dual-class shares are issued to the founders of the firm, and generally have more votes per share than the other classes of common shares.
Correct Answer:
Verified
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