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1. A company authorizes 8000 shares at a price of $6 each. The company issues 5000 shares at a premium of $2 per share. How

1. A company authorizes 8000 shares at a price of $6 each. The company issues 5000 shares at a premium of $2 per share.

How much total capital will be raised from the sale of the shares?

a. $10,000

b. $48,000

c. $64,000

d. $40,000

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