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Aguirre Company issues 500 shares of its $5 par value common stock having a market value of $25 per share and 750 shares of its
Aguirre Company issues 500 shares of its $5 par value common stock having a market value of $25 per share and 750 shares of its $15 par value preferred stock having a market value of $20 per share for a lump sum of $24,000. How would the proceeds be allocated between the common and preferred stock? a. Common Stock $ 2,500 Preferred Stock $21,500 b. Common Preferred Stock Stock $10,909 $13,091 c. Common Preferred Stock Stock $12,500 $15,000 d. Common Preferred Stock Stock $12,750 $11,250 e. Common Preferred Stock Stock $13,333 $10,667
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