Which of the following statements concerning common shares is TRUE?

Select one:

a. All common shares must have the same rights to dividends, votes, and receive property on liquidation.

b. A "preemptive right" allows a shareholder to transfer to someone else his right to vote for the Board of Directors

c. A "proxy" gives a shareholder the right to purchase additional shares issued by the company in proportion to their share holdings before it is offered to outsiders

d. Dual class shares may give one class of shares more votes per share than the other classes.