SOLUTION: If you own 500 shares (2% of a corporation's stock) and the corporation issues 15,000 new shares, how many of the new shares can you purchase under preemptive right?
A. 500
B
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A. 500
B
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Question 619798: If you own 500 shares (2% of a corporation's stock) and the corporation issues 15,000 new shares, how many of the new shares can you purchase under preemptive right?
A. 500
B. 800
C. 0
D. 300
You can put this solution on YOUR website! You own 2% of the company and have the right to ensure you can purchase up to 2% preumptively of any new offering. So you are being asked, what is 2% of 15,000
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