If shareholders are granted a preemptive right they will: a. have priority in the purchase of any newly issued shares. b. be given the choice of receiving dividends either in eash or in additional shares of stock. c. be able to choose the timing and amount of any future dividends. d. be entitled to two votes per share of stock. e. be paid dividends prior to the preferred shareholders during the preemptive period.

To determine the correct answer regarding the preemptive rights of shareholders, let's analyze each option: a. **have priority in the purchase of any newly issued shares.** This is the definition of preemptive rights. Shareholders are given the opportunity to purchase additional shares before the company offers them to other investors, allowing them to maintain their proportional ownership in the company. b. **be given the choice of receiving dividends either in cash or in additional shares of stock.** This describes a stock dividend or a dividend reinvestment plan, not preemptive rights. c. **be able to choose the timing and amount of any future dividends.** Shareholders do not have control over the timing and amount of dividends; this is determined by the company's board of directors. d. **be entitled to two votes per share of stock.** Voting rights are typically defined by the class of shares held, not by preemptive rights. e. **be paid dividends prior to the preferred shareholders during the preemptive period.** Preferred shareholders usually have priority over common shareholders for dividends, regardless of preemptive rights. Based on this analysis, the correct answer is: **a. have priority in the purchase of any newly issued shares.**