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Shares of abc corporation stock

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Mr. R. owns20,000 shares of ABC Corporation stock. The company is planning to issue a stock dividend. Before the dividend Mr. R. owned 10 percent of the outstandingstock, which had a market value of$200,000, or$10 per share. Upon receiving the 10 percent stock dividend the value of his shares is________.

A. $200,000

B. $210,000

C. $220,000

D. $180,000

Reference no: EM131412075

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