Question
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
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?
| Type | Number of Shares | Mkt. Value | Total | Percent | Allocation |
| Common stock | 9000 | $15 | 135,000 |
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| Preferred Stock |
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Energy Audit Of Building Systems An Engineering Approach
Authors: Moncef Krarti
3rd Edition
0367820463, 978-0367820466
