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3. ABC Corp. has 550,000 shares of $1 par value common stock. The current market price is $100. The CEO of the company is considering

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3. ABC Corp. has 550,000 shares of $1 par value common stock. The current market price is $100. The CEO of the company is considering either a $0.10 per share cash dividend, or 8% stock dividend, or a 5- for-1 stock split. In the following, for each alternative option, calculate the impact on the items of stockholders' equity for each alternative option in the following table. (10 pt.) Option 1 After $0.1 per share cash dividend Option 2 If 8% stock dividend paid Option 3 If 5-for-1 stock split Original Balances Paid-in capital $3,500,000 Retained earnings $12,000,000 Total $15,500,000 stockholders' equity Outstanding 550,000 shares Par value per $1.0 share Market value per $100 share Total Market $55,000,000 value of equity

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