On September $1,$ Smart & Final$$s Balance Sheet indicates there are $180,000$ shares of $$6$ par value common shares in the Common Stock account and $$135,000$ in the Additional Paid$-$in Capital account. There are $400,000$ shares authorized. On September $2,$ Smart & Final splits its stock $2$ for $1.$Which of the following rights allows a shareholder of a corporation to maintain his or her proportionate interest in the corporation?

Select one:

a$.$

Preemptive Right

b$.$

Cumulative Right

c$.$

Preferred Right

d$.$

Participation Right

e$.$

Dividend Right