If Sarina owns 700 shares (5% of a corporation's stock) and the corporation issues 17,000 new shares, how many total shares will she have after exercising her preemptive rights?
A) 665
B) 850
C) 1,550
D) 0
C) 1,550
Explanation: (number of new shares × percentage owned) + existing shares; ex: (5% × 17,000) + 700 = 1,550
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