Question

Lovey is a shareholder of Matchless Corporation with preemptive rights. With these rights, Lovey can
A.buy a prorated share of a new issue of stock before other buyers.
B.choose to have Matchless act exclusively in a certain area.
C."preempt" managerial decisions that affect shareholders.
D.sell a prorated share of a new issue of stock before other sellers.

Answer

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