(Answered) Lets assume you open a corporation and the state where you

Statistics

Let's assume you open a corporation and the state where you open your business in authorizes 1,000 million or 1 billion shares. Assume you can obtain $ 800,000 from 4 family members or investors who bought stocks of your firm, each with $200,000 investment and $150,000 from a good friend plus you invest $50,000 (based on personal assets you have). If the face value is $0.10 per share, how many shares each investor, including yourself, would receive? How many shares would be outstanding?

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