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What the common stock equity is

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Problem 1: Marley Corporation has 25,000, 3%, $100 par preferred shares outstanding. The preferred stock was originally issued at 103. The current dividend has been fully paid. Total stockholders' stock equity is $8,000,000. The common stock equity is ___________.

a) $4,850,000

b) $5,425,000

c) none of these

d) $5,000,000

e) $6,600,000

Reference no: EM132788410

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