The Right to Buy New Shares of Stock in Proportion

question 20

Multiple Choice

The right to buy new shares of stock in proportion to stock already owned is called a

• A) stock right.
• B) stock option.
• C) Section 1244 right.
• D) preemptive right.

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Definitions:

Canadian Dollar

The currency of Canada, symbolized as CAD, and is one of the major currencies traded worldwide.

Euro

The legal tender of the eurozone, adopted by 19 countries among the 27 that comprise the European Union.

Exports

Goods or services sent from one country to another for sale.

Imports

Goods or services brought into one country from another for sale or use.