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A stock is currently selling for $40 a share. If the firm declares a 3-for-2 stock dividend there will be:
A. two-thirds as many shares outstanding priced at $60 each.
B. three times as many shares outstanding priced at $26.67 each.
C. 50% more shares outstanding priced at $26.67 each.
D. one-and-one-half times as many shares outstanding price at $60 each
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