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Athena Company issued 17,000 shares of its $5 par value common stock having a fair value of $21 per share and 9,000 shares of its

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Athena Company issued 17,000 shares of its $5 par value common stock having a fair value of $21 per share and 9,000 shares of its $25 par value preferred stock having a fair value of $52 per share for a lump sum of $750,000. How much of the proceeds would be allocated to the common stock? [5 points) A/

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