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41 LMN, Inc., currently has 18,000 shares outstanding that sell for $50 per share. The company plans to issue a stock dividend of 17.5 percent.

41 LMN, Inc., currently has 18,000 shares outstanding that sell for $50 per share. The company plans to issue a stock dividend of 17.5 percent. The stock has a par value of $1. What is the total capital surplus on the new shares? Multiple Choice $172,000 $157,500 $3,150 $154,350 $169,200

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