Question

The right of common shareholders to purchase their proportional share of any common stock later issued by the corporation is called a:

Answer 1

Answer:

Preemptive right

Explanation:

The right of common shareholders to purchase their proportional share of any common stock later issued by the corporation is called a Preemptive right. A preemptive right grants right to existing shareholders to buy some proportion of new shares at a price lower than market price