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The balance sheet for Ronlad Corporation reported 176,000 shares outstanding, 275,000 shares authorized, and 23,000 shares in treasury stock. Compute the maximum number of new

The balance sheet for Ronlad Corporation reported 176,000 shares outstanding, 275,000 shares authorized, and 23,000 shares in treasury stock.

Compute the maximum number of new shares that the company could issue.

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