The board of directors of Apple Valley, Inc. has decided to authorize new shares in the corporation. The articles of incorporation and Charter of Apple Valley, Inc. allow the stockholders pre-emptive rights. What does this mean to the current shareholders? Question 36Select one: a. The current shareholders have the right of first refusal for purchase of newly authorized shares of stock. b. The current shareholders are prohibited from purchasing the newly authorized shares. c. The current shareholders have the same rights as non-shareholders. d. The current shareholders are not affected by the newly authorized shares