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I. Metro, Inc. had 50,000 shares of common stock outstanding and 3,000 shares of 7%, $50 par, cumulative preferred stock (non-convertible) at January 1, 20x1.

I. Metro, Inc. had 50,000 shares of common stock outstanding and 3,000 shares of 7%, $50 par, cumulative preferred stock (non-convertible) at January 1, 20x1. On March 31, 20x1, an additional 12,000 s...

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