Which of the following is not true regarding stocks?​

A) ​The price is determined by expected future cash flows.
B) ​A stock is a financial asset.
C) ​Buying stocks means lending money to the firm.
D) ​Stockholders are owners of the firm.

Financial Asset

Any asset that is cash, an equity instrument of another entity, or a contractual right to receive cash or another financial asset.

Expected Future Cash Flows

The estimated amount of money that will be brought in and out of a business or investment in future periods, often used in discounting to assess valuation.

Stockholders

Individuals or entities that own shares in a corporation, giving them partial ownership and possibly dividends.