Multiple Choice
Which of the following best describes a preemptive right?
A) It is the right to purchase additional stock on the stock exchange.
B) It is the right to sell existing shares back to the corporation.
C) It is the right to purchase shares before the incorporation of a company.
D) It is the right to purchase new capital stock in proportion to shares owned.
Correct Answer:
Verified
Correct Answer:
Verified
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