It is not unusual for companies to issue ____ type(s) of common stock and ____ type(s) of preferred stock.
A) one; one
B) two; one
C) one; many
D) many; one
E) zero; several

Question

Quizplus · Accepted Answer

One type of common stock is issued because it represents ownership in the company. Many types of preferred stock can be issued because each type can have different features, such as different dividend rates or different voting rights.

It Is Not Unusual for Companies to Issue ____ Type(s)