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Assume that Fred has a full ratchet anti - dilution protection for his 2 , 0 0 0 , 0 0 0 shares and that
Assume that Fred has a full ratchet antidilution protection for his shares and that he paid $ per share. Sam then purchases shares at $ per share. What is the amount of additional shares that Fred should receive under his agreement?
a shares
b shares
c shares
d None of the above
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