单选题 A share of stock in a firm represents ownership. A stockholder owns a percentage interest in a firm consistent with the percentage of outstanding stock held. This ownership is in contrast to a bondholder, who holds no ownership interest but is rather a creditor of the firm.
Investors can earn a return from stock in one of two ways. Either the price of the stock rises over time, or the firm pays the stockholder dividends. Frequently, investors earn a return from both sources. Stock is more risky than bonds because stockholders have a lower priority than bondholders when the firm is in trouble. The returns to investors are less assured because dividends can be easily changed, and stock price increases are not guaranteed. Despite these risks, it is possible to make a great deal of money by investing in stock, whereas it is very unlikely by investing in bonds. Another distinction between stock and bonds is that stock does not mature.
Ownership of stock gives the stockholder certain rights regarding the firm. One is the right of a residual claimant: stockholders have a claim on all assets and income left over after all other claimants have been satisfied. If nothing is left over, they get nothing. As noted, however, it is possible to get rich as a stockholder if the firm does well.
Most stockholders have the right to vote for directors and on certain issues, such as amendments to the corporate charter and whether new shares should lie issued.
单选题 A stockholder ______.
【正确答案】 B
【答案解析】
单选题 That a stockholder has the fight of a residual claimant means ______.
【正确答案】 B
【答案解析】
单选题 Bondholders ______.
【正确答案】 B
【答案解析】
单选题 Stocks ______.
【正确答案】 C
【答案解析】
单选题 Who has the right to vote for directors?
【正确答案】 C
【答案解析】