QUESTION 15 A corporate charter specifies that the company may sell up to 20 million...
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QUESTION 15 A corporate charter specifies that the company may sell up to 20 million shares of stock. The company sells 12 million shares to investors and later buys back 3 million shares. Of the 3 million shares bought back, the company cancels 2 million and holds 1 million. The number of authorized shares after these transactions are! o 20 million shares. O 9 million shares O 12 million shares 18 million shares
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