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Calculate the total number of shares of Soho issued by dividing the total par value of Soho's common stock by the par value per share. Answer-A: $100,000 Soho Total Par/$10 Par per share = 10,000 shares of Soho issued 8,000 shares acquired/10,000 total shares = 80% Implied Value of Soho (100%) = $120,000/80% = $150,000.
