Answer:
a) it can sale up to 600,000 shares:
It can sale the 100,000 treasury stock and 500,000 new shares.
b) No. I cannot It requires 12,000,000 more dollars which is the equivalent to 240,000 shares
c) It will ammend the Certificate of Incorporation to allow the issue of additoinal shares of the state on which the company perform his activities.
Explanation:
B)
600,000 shares at $60 dollars per share = 36,000,000 dollars
financial requirement: 48,000,000 dollars
It fall short by 12,000,000 dollars
additional shares: 12,000,000 / 60 = 240,000
