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| Frey Corp. has 1,000 shares of issued and outstanding common stock. Frey’s articles of incorporation permit a stockholder who owns 5% or more of the outstanding stock or who has owned the stock for longer than six months to inspect Frey’s books and records. Ace, who has owned 25 shares of Frey stock for four months, wants to inspect the books and records. Under the Revised Model Business Corporation Act, which of the following statements is correct regarding Ace’s right to inspect the books and records? A. Ace must wait two months before being allowed to inspect the books and records. B. Ace must purchase an additional 25 shares of Frey stock before being allowed to inspect the books and records. C. Ace may, after giving five days’ written notice, inspect the books and records to determine the value of Frey stock. D. Ace may, after giving five days’ written notice, inspect the books and records to provide a list of Frey stockholders to Ace’s broker. |