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Please explain answer Question 1 A firm's legal capital is defined as the par value of its common stock. The following table represents a scaled

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Question 1 A firm's legal capital is defined as the par value of its common stock. The following table represents a scaled version of the equity account of FIRM XYZ: Common stock at par R Paid-in capital in excess of par Retained earnings What total value can the firm pay out as dividends without impairing its legal capital? Answer 289006 503635 848429

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