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Monty Company issues 23180 shares of its $0.50 par value common stock having a market value of $25 per share and 6900 shares of its
Monty Company issues 23180 shares of its $0.50 par value common stock having a market value of $25 per share and 6900 shares of its $25 par value preferred stock having a market value of $50 per share for a lump sum of $751000. The proceeds allocated to the common stock is $470746 $406000. $579500. $583295
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