Dag and Elke are holders of common stock in Fragrances, Inc. (FI). Like other holders of common stock, they have a residual position in the overall financial structure of FI, because they
A. are guaranteed to receive more than the amount of their investment.
B. are the last to receive payment for their investment.
C. have priority to FI's assets if FI becomes insolvent.
D. reside in the state of FI's incorporation.
Answer: B
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