Answer Happy

Which of the following statements is NOT true about the preemptive right? O a. The preemptive right helps to prevent management form seizing control of the corporation. O b. The preemptive right prevents corporate management from issuing large numbers of shares to purchasing themselves. O c. The preemptive right gives common stockholders the right to purchase new issues of common stock on a pro rata basis. O d. The preemptive right is automatically included in every corporate charter by law. O e. The preemptive right helps to protect stockholders form dilution of value.