Determine the authorized shares

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Question - The charter of Vista West Corporation specifies that it is authorized to issue 215,000 shares of common stock. Since the company was Incorporated, It has sold a total of 151.009 shares (at $16 per share) to the public. It has bought back a total of 11,000. The par value of the stock is $5. When the stock was bought back from the public, the market price was $22. Determine the authorized shares.

Reference no: EM133064647

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