On January 1, 2010, Brian Brezina owned 25% of Wilder Corporation's 5,000,000 issued and outstanding shares of common stock. If Wilder issues another 1,000,000 shares and Brezina exercises his full preemptive right, how many shares will Brezina own?
A) 250,000
B) 750,000
C) 1,250,000
D) 1,500,000
E) Cannot be calculated without knowing how many shares other stockholders purchase.
Correct Answer:
Verified
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