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On December 31 , Year 1 , Gilligan decides to issue a 5% stock dividend. At the time of issue, the market price of the

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On December 31 , Year 1 , Gilligan decides to issue a 5% stock dividend. At the time of issue, the market price of the stock was $28 per share. What is the dollar value of the stock dividend issued by Gilligan Corporation? Multiple Choice $18,750 $116,000 $50,000 $87,500

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