Question: Please answer this question with some detail 7. Explain why some firms have more than one class of common stock? 8. Define preemptive right. It

Please answer this question with some detail 7. Explain why some

Please answer this question with some detail

7. Explain why some firms have more than one class of common stock? 8. Define preemptive right. It is beneficial for both current shareholders and the firm when the shareholders have the preemptive right? 9. Why can a corporation not go default on an undeclared dividend

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