Mr. R. owns20,000 shares of ABC Corporation stock. The company is planning to issue a stock dividend. Before the dividend Mr. R. owned 10 percent of the outstandingstock, which had a market value of$200,000, or$10 per share. Upon receiving the 10 percent stock dividend the value of his shares is________.

A.

$200,000

B.

$210,000

C.

$220,000

D.

$180,000