Under the preemptive right, the owner of 10,000 of the 1,000,000 outstanding shares of Country Bay common stock can purchase an additional 500 shares if Country Bay decides to issue an additional 500,000 shares.

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The Answer of Under the preemptive right, the owner of 10,000 of the 1,000,000 outstanding shares of Country Bay common stock can purchase an additional 500 shares if Country Bay decides to issue an additional 500,000 shares.

Under the Preemptive Right, the Owner of 10,000 of the 1,000,000