_____ rights are rights given to existing shareholders in a corporation to purchase any newly issued stock to maintain same proportion of their existing holdings.

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Preemptive rights are also called rights of first refusal. These rights allow existing shareholders to buy newly issued shares of the company before they are offered to the public or other investors. This helps shareholders maintain their percentage ownership in the company and protects them from dilution of their shares.

_____ Rights Are Rights Given to Existing Shareholders in a Corporation