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WIGGINS CORPORATION HAS 10,000,000 SHARES OF $1 PAR VALUE COMMON STOCK OUTSTANDING. THIS STOCK WAS ORIGINALLYISSUED AT $7 PER SHARE. – BUSINESS & FINANCE

Wiggins Corporation has 10,000,000 shares of $1 par value common stock outstanding. This stock was originallyissued at $7 per share. The company also has 1,000,000 shares of $50, 4%, cumulative preferred stockoutstanding. The preferred stock was originally issued at...