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Home Q & A Board Science-Related Homework Help Mathematics
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lbsusugar lbsusugar
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A year ago
Mary Lee

Mary Lee owned 500 shares of Dugan Company's convertible preferred stock at $20 par value. She converted each share of preferred stock into four shares of common stock.


Refer to Mary Lee. If common stock was selling at $50 per share on the date of conversion, compute Mary Lee's common stock worth.
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
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rbacon2rbacon2
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lbsusugar Author
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A year ago
Thank you, thank you, thank you!
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taydav
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Helped a lot
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