Which of the following is a true statement concerning common stock?
a. The dividend is often a fixed percentage of par value.
b. It accumulates unpaid dividends until they are all paid.
c. Regular cash payments to the shareholder are required.
d. There is an opportunity to realize greater growth in the value of the investment.
e. When the firm is liquidated, the holders of common stock will be paid out of the proceeds of the sale of assets before anyone else.
d. There is an opportunity to realize greater growth in the value of the investment.
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