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Under the Securities Exchange Act of 1934 and Applicable Rules,a

Question 88

Multiple Choice

Under the Securities Exchange Act of 1934 and applicable rules,a shareholder may submit a resolution to be considered by other shareholders if:

A) the shareholder has owned at least $2,000 worth of shares of the company's stock or 1 percent of all shares of the company for at least one year.
B) the shareholder has owned at least $3,000 worth of shares of the company's stock or 2 percent of all shares of the company for at least one year.
C) the shareholder has owned at least $5,000 worth of shares of the company's stock or 2 percent of all shares of the company for at least six months.
D) the shareholder has owned at least $10,000 worth of shares of the company's stock or 2 percent of all shares of the company for at least six months.
E) the shareholder has owned at least $100,000 worth of shares of the company's stock or 2 percent of all shares of the company for at least one year.

Correct Answer: