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The stockholders? equity section on the December 31. 2014. balance sheet of American Corporation follows: Required: 1. Calculate the number of shares of preferred stock

The stockholders? equity section on the December 31. 2014. balance sheet of American Corporation follows: Required: 1. Calculate the number of shares of preferred stock issued 9.000 2. Calculate the number of shares of preferred stock outstanding 8.400 3. Calculate the average sale price of the preferred stock when issued. (Round your answer to 2 decimal places.)

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