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Determine the outstanding 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 151,000 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 outstanding shares.

Reference no: EM133050531

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