Answer:
value preferred stock for $65,250 cash
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The question tells us to find or to calculate how much would Chris pay for the coat during the sale. So to calculate the you must first analyze the formula that is given which is C=0.765+0.06(0.765x) while the variablec is the cost of an item and the X represents the price of the coat and the price of the coat on sale would be 81.09