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CBA Inc. has 300,000 shares outstanding with a $8.0 par value. The shares were issued for $18.0. The stock is currently selling for $30.0. CBA

CBA Inc. has 300,000 shares outstanding with a $8.0 par value. The shares were issued for $18.0. The stock is currently selling for $30.0. CBA has $6,000,000 in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by 9.00%. What will be the "capital in excess of par account" after the stock dividend?

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