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Target receives $60,000 from issuing $1 par value stock for $12 per share. How many shares of stock did Target issue? a. Cannot be

Target receives $60,000 from issuing $1 par value stock for $12 per share. How many shares of stock did Target issue? a. Cannot be determined.. b. 60,000 shares c. 720,000 shares d. 5,000 shares

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