Yes, fully loaded the MP 40 magazine holds 32 rounds.
Why?
I once heard someone say that German military 9mm ammunition, from the time of the Luger, was supplied in 32 round boxes. Two magazines full, and two mags worth of extra ammo.
True or not, I don't know.
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"The gift which I am sending you is called a dog, and is in fact the most precious and valuable possession of mankind" -Theodorus Gaza
Baby Jesus cries when the fat redneck doesn't have military-grade firepower.
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