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McDonald's Corporation issues 50,000 shares of preferred stock with a par value of $50 per share. If the issue price is $60 per share, calculate

ยทMcDonald's Corporation issues 50,000 shares of preferred stock with a par value of $50 per share. If the issue price is $60 per share, calculate the amount of capital raised from the issuance of preferred stock. Determine the impact of preferred stock issuance on McDonald's equity.

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