Which of the following statements is not true of both stocks and bonds?

The statement that both stocks and bonds have voting rights is not true. In the realm of investments, stocks typically come with voting rights, allowing shareholders to participate in corporate governance by voting on key issues such as board election and other significant company affairs. These rights are a fundamental aspect of equity ownership.

On the other hand, bonds are debt instruments, and their holders (bondholders) do not possess voting rights in the issuing company. Instead, bondholders are creditors and are primarily concerned with receiving interest payments and principal repayment upon maturity, rather than influencing company decisions.

The other statements hold true for both stocks and bonds. Both can offer some form of payments to investors, though in the case of bonds, these are interest payments rather than dividends. Both asset classes can appreciate in value based on market conditions, and both are indeed subject to market risks, meaning their prices can fluctuate due to various economic factors.