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srsbiz srsbiz
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Kelly Jordan

Kelly Jordan owned 220 shares of Diego Company's convertible preferred stock at $50 par value. He converted each share of preferred stock into two shares of common stock.


Refer to Kelly Jordan. If Kelly Jordan paid $50 per share for his preferred stock, and if common stock was selling at $31 per share on the date of conversion, compute the amount that Kelly Jordan's investment increased in value.
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
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romeo_izzy13romeo_izzy13
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Helped a lot
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