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Matthew Morrison purchased 1 0 , 0 0 0 convertible preferred shares for $ 3 0 , 0 0 0 . One preferred share is
Matthew Morrison purchased convertible preferred shares for $ One preferred share is convertible into common shares. Immediately before conversion, the following information was available.
Share Capital
noncumulative preferred shares,
issued
Common shares, issued
Total share capital
table$
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