A corporate charter specifies that the company may sell up to 38 million shares of stock. The company issues 30 million shares to investors and later repurchases 12.0 million shares. The number of issued shares after these transactions have been accounted for is:

A. 18 million shares.
B. 19 million shares.
C. 30 million shares.
D. 26 million shares.


Answer: C

Business

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