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 can vote in person at the company's annual meeting, through the mall or by transferring the right to vote to another person tv means of transfer of ownership of shares False True Larry also holds 2,000 shares of common stock in a company that only hws 20,000 shares outstanding. The company's stock currently 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 of $33.60 per share. Larry worries about the value of his investment of the company issues new shares and Larry makes no additional purchase, Larry Larry's current investment in the company is Investment will be worth provision Larry could be protected if the firm's corporate charter includes a This scenario is an example of If Larry exercises the provisions in the corporate charter to protect his stake his investiment value in the firm will become Save & Continue Grade It Now Continue without ving