ABC Company has 100,000 authorized number of common stock, which 80,000 shares were issued and outstanding.  The company issues 20,000 additional shares to other people, Mr. Abad’s ownership in the company is 5,000 shares. Should Mr.Santos exercised the pre-emptive right, how much is the increased in his ownership interest in the company? a. 25% b. 0 c. 1.25% d. 20%

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