Common Stock
Common stockholders typically have which of the following rights?
Common stock = voting rights but NO guaranteed dividends.
Complete Analysis & Legal Rationale
Common stockholders have voting rights, typically one vote per share, on major corporate matters such as electing the board of directors and approving mergers.
Distractor Autopsy (Why Other Options Are Traps)
FINRA exam writers design incorrect distractors using specific calculation mistakes and regulatory misconceptions. Review why each option succeeds or fails:
Dividends are NOT guaranteed for common stock - the board decides if and when to pay them.
Matches the verified teaching point in the explanation.
Common stockholders have the LOWEST priority in bankruptcy - creditors and preferred are paid first.
Fixed interest payments are a feature of bonds, not stock.
Official Standard: Outline-level citation: item maps to Series 7 topic coverage. Prefer a specific FINRA/SEC/MSRB rule citation in a later author pass.