back 10 ASSAYE Attempts Keep the Highest / 4 1. Rights and privileges of common stockholders Larry Nelson holds 1,000 shares of General Electric (GE) common stock. As a stockholder, he has the right to be involved in the election of its directors, who are responsible for managing the company and achieving the company's objectives. True or False: Larry will receive dividends after preferred stockholders. True False Larry also holds 2,000 shares of common stock in a company that only has 20,000 shares outstanding. The company's stock currently is valued $42.00 per share. The company needs to raise new capital to invest in production. The company is looking to issue 5,000 new shares at a price $33.60 per share. Larry worries about the value of his investment. Larry's current investment in the company investment will be worth is If the company issues new shares and Larry makes no additional purchase, Larry This scenario is an example of Larry could be protected if the firm's corporate charter includes a If Larry exercises the provisions in the corporate charter to protect his stake, his investment value in the firm will become pro Grade It Now Save & Contin A-2