The executives of Jornaginn Corporation have decided they need to sell 50,000 additional shares of stock to finance their expansion plans. The executives
a. cannot sell that many shares unless they were authorized initially in the corporate charter.
b. can sell as many shares as the market will bear.
c. are limited by the number of shares authorized in the corporate charter, but this number can be increased by amending the charter and paying a fee.
d. can sell the shares only if the shares have a par value which is close to the current market price.
c
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