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saratoga 22 saratoga 22
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Bob Wright

Bob Wright owned 100 shares of Lawson Company's convertible preferred stock at $10 par value. He converted each share of preferred stock into three shares of common stock.


Refer to Bob Wright. Compute the number of shares of common stock Bob Wright received when he converted.
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
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