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Any issues in this information? Although the company has been tremendously successful, Dereks plans for retirement has caused him to agree to offer shares to

Any issues in this information?

Although the company has been tremendously successful, Dereks plans for retirement has caused him to agree to offer shares to the public. The new shares would be issued at a price of $5 per share although their par value is only $2. The market price of the share is $3. The company has 10,000 shares currently outstanding and plans to issue 9,000 new shares.

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