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McJunkin Ltd. declares a 10% share dividend on December 31, 2015. Currently McJunkin has 30,000 shares outstanding. The market value of the shares on

McJunkin Ltd. declares a 10% share dividend on December 31, 2015. Currently McJunkin has 30,000 shares outstanding. The market value of the shares on the date of declaration is $3 per share. The value to be assigned to this share dividend is:

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