Yes or no? Part a) Yes/No? If a firm's stockholders are given the preemptive right, this means that stockholders have the right to call for a meeting to vote to replace the management. Without the preemptive right, dissident stockholders would have to seek a change in management through a proxy fight. Part b) Yes/No? We call it fundamental analysis to buy stocks when their market values are lower than intrinsic values or to sell stocks when their market values are higher than intrinsic values. Part c) Yes/No? A proxy is a document giving one party the authority to act for another party, including the power to vote shares of common stock. Proxies can be important tools relating to control of firms