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A customer holds 100 shares of ABC Corp $100 par nonconvertible preferred stock. If ABC declares and pays a 10% common stock dividend, then as

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A customer holds 100 shares of ABC Corp $100 par nonconvertible preferred stock. If ABC declares and pays a 10% common stock dividend, then as of the payable date, the customer will now have: 90 shares of ABC preferred stock 100 shares of ABC preferred stock 100 shares of ABC preferred stock and 10 shares of ABC common stock 110 shares of ABC preferred stock

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