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LO3 E138 Zhu is authorized to issue 1,500,000 shares of its $1 par value common stock and 400,000 slae 0l $20 par value preferred stock.

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LO3 E138 Zhu is authorized to issue 1,500,000 shares of its $1 par value common stock and 400,000 slae 0l $20 par value preferred stock. Zhu plans to sell 20,000 shares of common stock at shares of its preferred stock at $25 per share. How much capital will Zhu generate by this sale would be Zhu's legal capital? $35 and 1, 000 ? What

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