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

A) par value of their shares.
B) stated value of their shares.
C) fair value of their shares.
D) accounting book value of their shares.

Appraisal Remedy

A legal right that allows minority shareholders to have their shares appraised and to be paid a fair value in cases of mergers or consolidations.

Fair Value

An estimate of the market value of an asset or liability, based on the price that willing parties would agree to in an arm's length transaction.