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Business, 25.11.2020 17:30 seolizyl

XYZ Corporation issued 7 million shares of common stock in its initial public offering. It later purchased 500,000 shares of Treasury stock. XYZ recently engaged an underwriter to raise capital by selling an additional 3 million shares through a standby rights offering. By the expiration date of the offering, only 2 million shares were sold through exercise of the rights. As a result, how many shares will XYZ have outstanding

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XYZ Corporation issued 7 million shares of common stock in its initial public offering. It later pur...

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