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 the true economic value of the shares at the time of the merger, rather than their par, stated, or book value.

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