A proxy is: Multiple Choice A document that delegates a stockholder's voting rights to an agent. A contractual commitment by an investor to purchase unissued shares of stock. An amount of assets defined by state law that stockholders must invest and leave invested in a corporation. The right of common stockholders to protect their proportionate interests in a corporation by having the first opportunity to purchase additional shares of common stock issued by the corporation. An arbitrary amount assigned to no-par stock by the corporation's board of directors.
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