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Required information [The following information applies to the questions displayed below.) Part 1 of 4 Raphael Corporations

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Answer #1

Par value of the corporation's preferred stock = Total preferred stock issued and outstanding/number of preferred shares

= $70,000 / 1000

= $70 per share

Par value of the corporation's Common stock = Total Common stock issued and outstanding/number of common shares

= $120,000 / 4,000

= $30 per share

Corporation's Preferred stock = $70

Corporation's Common stock = $30

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