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Brookshire Company purchased 3,000 shares of Karr Company's stock as a long-term investment for $78,000. (Karr Company has 10,000 shares outstanding.) A month later Karr

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Brookshire Company purchased 3,000 shares of Karr Company's stock as a long-term investment for $78,000. (Karr Company has 10,000 shares outstanding.) A month later Karr paid Brookshire a $600 dividend. Two months later, Karr Company reports net income of $26,000. What is the current value of the investment

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