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Penguin Company has the following information regarding lts common stock: $24 par, with 300,000 shares authorired, 132,000 sharer issued, and 130,600 shares outstanding On August

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Penguin Company has the following information regarding lts common stock: $24 par, with 300,000 shares authorired, 132,000 sharer issued, and 130,600 shares outstanding On August 22, Penguin declared and paid a .15\% stock dividend when the market price of the common stock was $28 per share

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