Concerning the Preemptive Right of a Stockholder, Which of the Following

Concerning the preemptive right of a stockholder, which of the following does NOT apply:

A) the stockholder can exercise the right by purchasing the allotted amount of new shares thereby maintaining proportional ownership
B) the stockholder can sell the right to purchase to someone else
C) the current stockholders must be given the right of first refusal
D) the new shares must be priced at the price the stockholder originally paid for his or her stock