Question: QUESTION 11 A proxy is a document giving one party the authority to act for another party, including the power to vote shares of common

QUESTION 11 A proxy is a document giving one party the authority to act for another party, including the power to vote shares of common stock. Proxies can be important tools relating to control of firms. True O False QUESTION 12 The preemptive right gives current stockholders the right to purchase, on a pro rata basis, any new shares issued by the firm. This right helps protect current stockholders against both dilution of control and dilution of value. True False

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