A shareholder of Nico Corporation dissents to the corporation's merger with Jinx Corporation. If the appraisal remedy is granted, the shareholders will be paid the:

Question

Quizplus · Accepted Answer

The appraisal remedy allows dissenting shareholders to be paid the fair value of their shares, reflecting their true economic value rather than the par value, stated value, or accounting book value.

A Shareholder of Nico Corporation Dissents to the Corporation's Merger