Bookstore Company’s charter will authorize 1,200,000 shares of common stock (to be divided into two classes (700,000 sha

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answerhappygod
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Bookstore Company’s charter will authorize 1,200,000 shares of common stock (to be divided into two classes (700,000 sha

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Bookstore Company’s charter will
authorize 1,200,000 shares of common stock (to be divided into two
classes (700,000 shares class A -voting rights and 500,000 shares
class B -nonvoting rights) and 400,000, $X par value (see
info below),5% cumulative preferred stock.
Using the info above and as a
guide:
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