If a Dissenting Shareholder Exercises an Appraisal Right When a Proposed

Multiple Choice

If a dissenting shareholder exercises an appraisal right when a proposed merger is involved, which of the following is generally used to determine the value of stock?

A) The value of shares on the day after the shareholder vote.
B) The value of shares on the day before the shareholder vote.
C) The value of shares on the day of the shareholder vote.
D) The value of shares 10 days before the shareholder vote.
E) The value of shares on the day the proposed merger was announced.