=+LG 5 E145 Legal & General, with the equity account as described in E14-3, announces its plans

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=+LG 5 E14–5 Legal & General, with the equity account as described in E14-3, announces its plans to issue an additional 58,710 shares of common stock as part of its stock dividend plan. The current market price of Legal & General is £2.69 per share. Show how the proposed dividend would affect the stockholder’s equity account.

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Principles Of Managerial Finance

ISBN: 9781292261515

15th Global Edition

Authors: Chad J. Zutter, Scott Smart

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