The Nestlé Corporation, a well-known Swiss MNC, used to issue two different classes of common stock, bearer shares and registered shares, and foreigners were allowed to hold only Multiple Choice

1. registered shares.

2. bearer shares.

3. voting shares.

4. convertible shares.

The Nestlé Corporation, a well-known Swiss MNC, used to issue two different classes of common stock, bearer shares and registered shares, and foreigners were allowed to hold only bearer shares.

Explanation:

A security of equity that is completely owned by the entity that has the physical stock certificate. Hence it is named as bearer shares. On the presentation of a physical coupen, the dividends will be given by the firm to the bearer shares.

The ownership will not be transferred or the stock's owner will not be registered with this bearer shares. The handling of physical document to other person only implies that the ownership of the stock is transferred. Hence in the example given, shares that can only be held is Bearer shares.