if a class A stock has 10x the vote of class B, and A is converitble to 10 class B, then the price of a class A share will be 10x the price of class B. in this case why would a company issue class B stock?
is it so that if the price of class A is too high then B will be more "approachable" to the public? it seems to me that they are both the same thing.
and my second question is what happens if class b has no voting rights. how would this share even be valuated?