Which of the following are not characteristic of common


1. Which of the following are not characteristic of common stock ownership?

residual claimant

unlimited liability

voting rights

all of the above are characteristics of stock ownership

2. __________ do not take place in the secondary market.

Transactions of new issues of stocks

Transactions in the OTC market

Transactions on the AMEX

Transactions on the NYSE

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Financial Management: Which of the following are not characteristic of common
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