Occidental is short of cash. However, the preferred dividends can be paid in shares of common stock. On April 7, Occidentals stock price, market capitalization and shares data are as follows:

market value of common stock	$12,178,263,029.92
total shares outstanding of common stock	893,489,584
common stock price per share	$13.63

If Berkshire chooses to convert the entitled annual preferred dividend payment into shares of common stock using 90% of the above stock price as the conversion rate, how many shares of common stock would Berkshire receive ?

Select one:

a. 65,006,620

b. 60,215,745

c. 59,215,700

d. 65,215,619