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

Question

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If the appraisal remedy is granted, the shareholders will be entitled to the fair value of their shares as determined by a court or an independent appraiser. This value may be higher or lower than the par value or stated value of the shares, as it reflects the actual value of the corporation at the time of the merger. The accounting book value of the shares is unlikely to reflect the fair value of the shares, as it is based on historical cost accounting and does not necessarily reflect the market value of the corporation.

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