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Question 3/10 Worth 1 point Products Inc. was incorporated under an articles of incorporation system. Its articles stated that the corporation could issue an unlimited

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Question 3/10 Worth 1 point Products Inc. was incorporated under an articles of incorporation system. Its articles stated that the corporation could issue an unlimited number of shares and those shares have no par value. Initially, the corporation issued 20 000 shares at $100 each, giving it a stated capital of $2 000 000. The directors wish to raise a further $3 000 000. All the shares are to be issued on the same day. On the day of the announcement, the market price of the shares is $20. On the day of actual issue, the market price is $60. How many shares need to be issued to raise the $3 000 000? 25 000 1 500 000 150 000 15 000 50 000 1 attempt remaining Suom

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