Question: Existing shareholders: a.May or may not have a preemptive right to newly issued shares. b.Can maintain their proportional ownership positions without exercising their rights. c.Must

Existing shareholders:

a.May or may not have a preemptive right to newly issued shares.

b.Can maintain their proportional ownership positions without exercising their rights.

c.Must purchase new shares whenever rights are issued. Are prohibited from selling their rights.

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