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Lance is a shareholder of Mickel Corporation with preemptive rights. With these rights, Lance can a. buy a prorated share of a new issue of

Lance is a shareholder of Mickel Corporation with preemptive rights. With these rights, Lance can

a. buy a prorated share of a new issue of stock before other buyers.

b. choose to have Mickel act exclusively in a certain area.

c. preempt managerial decisions that affect shareholders.

d. sell a prorated share of a new issue of stock before other sellers.

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