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Business, 01.04.2021 19:50 luiscastaenda

ABC Corporation currently has 400,000 shares outstanding and plans to issue 100,000 more shares in a seasoned equity offering. The current shareholders have preemptive rights on any new issue of stock by ABC Corporation. If the investor fully exercises his preemptive rights and entitled to purchase 20,000 of new shares, how many shares did the investor own initially

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