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Caren holds 260 of the shares for herself she sells the

Question

Cindy Hill opened Best Foot Forward, a shoe store catering to women. To raise money, she organized as a corporation. She created 500 shares of stock, each worth $75.

Caren holds 260 of the shares for herself. She sells the rest in even amounts to six investors. How many shares does each investor own?

If Best Foot Forward fails and has $65,000 in debt, for how much would each investor be liable?

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Operation Management: Caren holds 260 of the shares for herself she sells the

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