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Which of the following are characteristics of common stock? 1. It always pays its holder...

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Which of the following are characteristics of common stock? 1. It always pays its holder a fixed amount of dividends each year. II. Failure to pay dividends may result in bankruptcy. III. It gives its holder voting power in the firm. IV. Its owners have limited liabilities. O a. I, III, and IV O b. I, II, and III O c. III and IV O d. II, III and IV e. I, II, III, and IV

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