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On August 31, 2018, Firm B declares a 20% stock dividend, when its stock is trading at $80 per share. John holds 50 shares of

On August 31, 2018, Firm B declares a 20% stock dividend, when its stock is trading at $80 per share. John holds 50 shares of Firm B stock prior to the declaration. How much can John expect his total holdings in Firm B stock to be worth after the payment date?

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