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kayleahwilliams6
kayleahwilliams6
08.03.2021 • 
Mathematics

In 2020, Bramble Corp., issued for $103 per share, 96000 shares of $100 par value convertible preferred stock. One share of preferred stock can be converted into three shares of Bramble's $20 par value common stock at the option of the preferred stockholder. In August 2021, all of the preferred stock was converted into common stock.

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