Shares to satisfy the employees purchases

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Question: Wholly Mole Taco Company Inc. offers all employees the opportunity to purchase its $1 par value common stock at a 2% discount to the market price. The employees have 3 weeks to elect to participate in the plan. The current market price of the stock is $40 per share. Employees purchased a total of 500 shares. The company issued new shares to satisfy the employees' purchases.

Reference no: EM133497060

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