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Ray Corp. Declared a 5% stock dividend on its 10000 issued and outstanding shares of $2 per value common stock, which had a fair value

Ray Corp. Declared a 5% stock dividend on its 10000 issued and outstanding shares of $2 per value common stock, which had a fair value of $5 per share before the stock dividend was declared. This stock dividend was distributed 60 days after the declaration date. By what amount did Ray's current liabilities increase as a result of the stock dividend declaration?

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