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Ramona was a stockholder in Franklin, Inc., a software company in Boston. She owned 20 percent of the original capital stock in the company. Franklin,
Ramona was a stockholder in Franklin, Inc., a software company in Boston. She owned 20 percent of the original capital stock in the company. Franklin, Inc. issued 150 new shares of stock in order to raise capital to fund its business operations. Which of the following is true?
A.) Ramona has the right to 30 0f the 150 new shares
B.) Ramona has the right to buy 50% of the new shares
C.) Ramona is prohibted from buying any new shares
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