Answer the questions based on the material studied in chapter 11. Shareholders who own this type of slock have the right to vote on significant matters of the corporation, including the eloction of directors QUESTION 6 Stock owned by investors outside of the corporation QUESTION 7 An arbitrary value placed on each share of stock that represents the legal capital of the corporation QUESTION 8 Distribution of retained earnings to shareholders Shareholders who own this type of stock have the right to recelve dividends first QUESTION 2 The price an investor must pay to purchase a share of slock QUESTION 3 A separate legal entity created by the authority of a state government QUESTION 4 The maximum number of shares a corporation is legaly allowed to issue