The date upon which stock ownership is recorded for voting rights
purposes is known as a
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Any date can be
selected as long as it is no more than
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▾ days
before the shareholder meeting. Brenda purchased Mike's shares on
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▼, which is fifteen days
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the record date. On the record date,
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4
owned the shares. Therefore, Brenda
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and Mike
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4
from the
100 shares of common stock sold by Mike to Brenda on June 15,