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Home Q & A Board Science-Related Homework Help Mathematics
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fabz06 fabz06
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A year ago
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. If common stock was selling at $4 per share on the date of conversion, compute Bob Wright's common stock worth.
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
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annalassannalass
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