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Corporation has $4 million in cash and 400,000 shares of stock outstanding. It announces a 10% stock dividend. What will its stockholders receive? $400,000 cash

Corporation has $4 million in cash and 400,000 shares of stock outstanding. It announces a 10% stock dividend. What will its stockholders receive?

$400,000 cash

B. $4 million cash

C. 40,000 more shares of stock

D. Nothing

E. All of the above

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