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Metlock Inc. Presented the following data. Net Income 2 4 6 2 8 0 0 Preferred Stock: 5 2 , 0 0 0 shares outstanding,

Metlock Inc. Presented the following data.

Net Income

2462800

Preferred Stock:

52, 000

shares outstanding, $

100

par,

8 %

cumulative, not convertible

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