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Ziggy Corporation has 30,000, 3%, $100 par preferred shares outstanding. The preferred stock was originally issued at 103. The current dividend has been fully paid.

Ziggy Corporation has 30,000, 3%, $100 par preferred shares outstanding. The preferred stock was originally issued at 103. The current dividend has been fully paid. Total stockholders' stock equity is $8,000,000. The common stock equity is ___________.

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