Which One of the Following Statements Is True

Multiple Choice

Which one of the following statements is true?

A) Corporate dividends for common stock must be paid in cash only.
B) Stockholders must elect the board of directors.
C) The selling price of stock is determined by how much the corporation is willing to receive.
D) Corporations are required by law to have two stockholder meetings each year.
E) Stockholders may vote only by proxy.