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Headland Corporation issued329shares of $10par value common stock and105shares of $50par value preferred stock for a lump sum of $15,372. The common stock has a

Headland Corporation issued329shares of $10par value common stock and105shares of $50par value preferred stock for a lump sum of $15,372. The common stock has a market price of $20per share, and the preferred stock has a market price of $100per share.

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