How would you rank the following in decreasing order of reactivity toward nucleophilic aromatic substitution (most reactive on left) ? 
Definitions:
Outstanding Shares
The total shares of a corporation's stock that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.
No-par Shares
Stocks issued without a specified face value, where the value is determined by the price investors are willing to pay for them.
Stock Subscription
An agreement to purchase a specified number of shares in a company, often before they are available to the general public.
Board Of Directors
A group of individuals elected to represent shareholders and oversee the management and major decisions of a corporation.
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