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A firm has $5,760,000 in its common stock account and $57,600,000 in its paid-in capital account. The firm issued 480,000 shares of common stock. What

A firm has $5,760,000 in its common stock account and $57,600,000 in its paid-in capital account. The firm issued 480,000 shares of common stock. What is the par value of the common stock?

A. $11 per share

B. $120 per share

C. $12 per share

D. $132 per share

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