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Mannix Owned 200 Shares of Leo Deliveries,Inc

Question 46

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Mannix owned 200 shares of Leo Deliveries,Inc.Leo had 600 shares total.Leo decided to increase its capital stock to 1,200.Assuming that Mannix elected to exercise his preemptive rights,how many shares would he be entitled to?

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Mannix would have the right to...

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