When I purchase ________, I own a portion of a firm and have the right to vote on issues important...

1) When I purchase ________, I own a portion of a firm and have the right to vote on issues important to the firm and to elect its directors.

A) bonds

B) bills

C) notes

D) stock

2) Equity holders are a corporation\"s ________. That means the corporation must pay all of its debt holders before it pays its equity holders.

A) debtors

B) brokers

C) residual claimants

D) underwriters

3) Which of the following benefit directly from any increase in the corporation\"s profitability?

A) a bond holder

B) a commercial paper holder

C) a shareholder

D) a T-bill holder