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A corporate charter specifies that the company may sell up to 24 million shares of stock. The company sells 16 million shares to investors and

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A corporate charter specifies that the company may sell up to 24 million shares of stock. The company sells 16 million shares to investors and later buys back 5.0 million shares. The current number of outstanding shares after these transactions have been accounted for is: Multiple Choice 5:01 11.0 million shares. 24.0 million shares. 12.0 million shares

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