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Superior Products Company issues 6 , 0 0 0 shares of its $ 5 par value common stock having a fair value of $ 5

Superior Products Company issues 6,000 shares of its $5 par value common stock having a fair value of $52 per share and 9,000 shares of its $15 par value preferred stock having a fair value of $41 per share for a lump sum of $750,000. How much should be allocated to common and to preferred?

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