Which of the following is not typically true about common stocks?
Stockholders are not guaranteed to receive dividend payments.
Stockholders have the lowest priority claim on a corporation's assets in the event of bankruptcy.
None of the above is a wrong statement.
The personal wealth of the stockholder can be used to pay the debt resulting from the firm issuing the stock making significant losses.
Stockholders exercise control of the firm's activities indirectly through the election of the board of directors.
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