preemptive rights

George owns 500 of the 5000 shares outstanding of General Myopics. GM plans to issue 600 new shares. If George has preemptive rights, he may:

a. buy all 600 shares before anyone else.

b. buy 600 shares at the same price he paid for the other stock.

c. buy 60 shares before anyone else.

d. buy 6 shares at a discount of 10%.

 

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