A Corporation Is Required to Have at Least One Class

question 35

True/False

A corporation is required to have at least one class of stock with voting rights.

---

Definitions:

Maturity Value

The amount payable to the investor at the end of a debt instrument's holding period or term.

Compounded Monthly

interest earned or paid is calculated and added to the account balance every month.

Promissory Note

A written promise to pay a specified amount of money to a certain individual or entity at a specified time or on demand.

Compounded Annually

Interest on an investment or loan that is calculated once a year and added to the principal amount, allowing the investment to grow at an increasing rate.