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PolyProduction Inc

question 60

Multiple Choice

PolyProduction Inc. has two classes of common stock. Class A has 5 million shares with 10 votes per share. Class B has 5 million shares with 1 vote per share. If the dividends per share are equal for both class A and B stock, then Class A shareholders have ________ of the votes and ________ of the dividends.


Definitions:

Performance

The action of carrying out or accomplishing a task, duty, or undertaking.

Unilateral Contract

A contract in which one party makes a promise in exchange for an act performed by another party, with only the party making the promise being legally bound.

Sheriff's Office

A local law enforcement agency led by a sheriff, responsible for keeping peace, enforcing laws, and executing court orders.

Option Contract

A contract which grants the holder the right, but not the obligation, to buy or sell an asset at a specified price on or before a specified date.

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