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Discuss the difference between authorized shares and outstanding shares. Are there other classifications of shares that are important to consider? Explain and discuss the preemptive

  1. Discuss the difference between authorized shares and outstanding shares. Are there other classifications of shares that are important to consider?
  2. Explain and discuss the preemptive right of common stockholders. Is this fair? Why or why not?
  3. Why would an investor find convertible preferred stock attractive?

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