Due on Tomorrow at 11:59 PM CDT 22:53 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 com objectives. True or False: Larry can vote in person at the company's annual meeting, through the mail, or by transferring the right to vote to another person by means of transfer of ownership of shares O False Larry also holds 2,000 shares of common stock in a company that only has 20,000 shares outstanding. The company's stock currently is valued at $41.00 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 $32.80 per share. Larry worries value of his investment. Larry's current investment in the company is 183000 . If the company issues new shares and Larry makes no additional puirchase, Larry's investment will be worth $82,000 This scenanio is an example ofdiuion Larry could be protected it the firm's corporate charter includes a preemptive right provision. If Larry exercises the provnsions in the corporate charter to protect his stake, his investment value in the firm will become $99,400 $147,600 $98,400 $73,800 acBoo k P esc ?? F1 F2 F3 F4 FS