Ultimately, it is the $\_\_\_\_\_\_\_\_$ who has $($have$)$ control over a corporation.

Ultimately, it is the $\_\_\_\_\_\_\_\_$ who has $($have$)$ control over a corporation.

classified board

bondholders

chief executive officer

board of directors

shareholders

Preferred stock dividends:

become a debt of the firm if unpaid.

are paid only if common stock dividends are also paid.

have priority over debt interest payments but not over common stock dividends.

are a tax$-$deductible business expense.

can be deferred indefinitely.