Final answer:
Ownership of common stock in a corporation gives various rights including owning a portion of the company, potential dividends, trading on the stock market, and personal property interest.
Step-by-step explanation:
Ownership of common stock in a corporation typically provides several benefits to the holders:
- The right to own a portion of the company: Shareholders are part-owners of a company, with each share representing a slice of ownership.
- The ability to collect dividends: Shareholders may receive a share of the company's profits in the form of dividends if the company decides to distribute them.
- Trade the stock on the market: Shareholders can buy and sell shares of stock on various exchanges, benefiting from capital gains if the value of the stock has increased.
- An interest classified as personal property: Ownership in the form of stock is considered personal property which can be transferred or sold.
Therefore, ownership of common stock entails a combination of proprietary rights, potential income through dividends, liquidity through market trades, and the classification of stock as personal property.