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Determine the value of stock dividend to the stockholders

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Reference no: EM132512069

Stock Dividend:

Question1 : W Corporation has 250,000 shares of $40 par common stock outstanding. On February 15, the corporation declared a 2% stock dividend to the the stockholders of record. The market price of a share on February 15 was $52 per share. Determine the value of the stock dividend to the stockholders on February 15.

Reference no: EM132512069

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