Kinderfelt Corporation has 15,000 outstanding shares of which Gordon owns 2,000. Kinderfelt plans to raise more capital by issuing another 10,000 shares of stock. With preemptive rights, how many of the new shares does Gordon have the right to buy before they are sold to the public?

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The Answer of Kinderfelt Corporation has 15,000 outstanding shares of which Gordon owns 2,000. Kinderfelt plans to raise more capital by issuing another 10,000 shares of stock. With preemptive rights, how many of the new shares does Gordon have the right to buy before they are sold to the public?

Kinderfelt Corporation Has 15,000 Outstanding Shares of Which Gordon Owns