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Oriole Company issued 11000 shares of its $10 par value common stock having a fair value of $20 per share and 15800 shares of its

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Oriole Company issued 11000 shares of its $10 par value common stock having a fair value of $20 per share and 15800 shares of its $10 par value preferred stock having a fair value of $20 per share for a lump sum of $526000. How much of the proceeds would be allocated to the common stock? $246250$310104$215896$220000

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