Question 1 Match the terms to the definitions. The number of issued shares actually in the hands of stockholders rather than held as treasury stock Shares repurchased and held by the corporation. a. Authorized shares The maximum number of shares the corporation may issue in each class of stock b. Par value The number of shares the corporation has sold to stockholders. c. Outstanding shares d. Stock option A form of compensation whereby employees are granted rights to purchase shares of e. Preemptive right stock in the future. A common stock provision that provides for the maintenance of stockholders' f. Treasury stock ownership percentage upon the issuance of new stock. date of record The arbitrary amount that establishes a minimum issue price for the stock. 8. the date on which a corporation announces its intention to pay a dividend h. Is res yment the date on which a stockholder must own a share of stock in order to receive a dividend J. date of declaration the date on which a dividend will be paid V