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2 years ago
Stocks are different from bonds because ________.
A) stocks, unlike bonds, give owners legal claims to payments
B) stocks, unlike bonds, represent residual ownership
C) bonds, unlike stocks, represent voting ownership
D) stocks, unlike bonds, are major sources of funds
Textbook 

Financial Management: Core Concepts

Edition: 2nd
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2 years ago
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B -- Stocks and bonds are both major sources of funds. Bonds do not represent residual ownership. Bonds, unlike stocks, give owners legal claims to payments. Stocks, unlike bonds, represent voting ownership
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2 years ago
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