Straight voting: ______
A) increases the voting power of minority shareholders.
B) is the normal method for shareholder voting on corporate matters.
C) restricts each shareholder to one vote, regardless of the number of shares owned.
D) all of these.
B
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Nice International originally issued 105,000 shares of common stock at a price of $22 per share
A year later, it distributed a 12% stock dividend to shareholders. At the time of the stock dividend, the share price had increased to $27 per share. Which of the following statements is true? A) Nice will record sales revenues of $277,200. B) Nice will record a loss of $63,000. C) Nice will record a gain of $63,000. D) Nice will record neither a gain nor a loss.
The option, in a convertible bond, to convert the bond to shares of common stock.
(a) hybrid security (b) embedded derivative (c) arbitrageurs (d) option contract