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The Board of Directors of Challenger, Inc. has authorized 10,000 shares of stock at a price of $200/ share. Currently, there are 7,000 shares issued
The Board of Directors of Challenger, Inc. has authorized 10,000 shares of stock at a price of $200/ share. Currently, there are 7,000 shares issued with 6,000 outstanding. If Challenger, Inc wanted to raise more capital, how much capital could it raise by issuing new shares and selling shares? $1,400,000$2,000,000$800,000$600,000 QUESTION 14 You and nine friends equally contributed $10,000 to begin a business. 200 shares were authorized and 50 shares were issued. What is the stock price per share? $5,000 /share $2,000 /share $200/ share $500/ share
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