ABC Corporation Holds Its Annual Meeting in April

question 119

Multiple Choice

ABC Corporation holds its annual meeting in April.Maxine Star,who owns stock in the company,cannot attend the meeting.She can vote by:

• A)voluntary certificate.
• B)preemptive right.
• C)proxy.
• D)cumulative certificate.
• E)participatory certificate.

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Definitions:

Striking Price

The predetermined price at which the holder of an option can buy or sell the underlying security.

Cumulative Feature

A characteristic of certain preferred stocks or securities where unpaid dividends accumulate and must be paid before dividends to common stockholders.

Common Dividends

Distributions of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders known as common shareholders.

Fundamental Analysis

The assessment of a company's value by examining related economic, financial, and other qualitative and quantitative factors.