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The owners equity accounts for Masterson International are shown here: Common stock ($1 par value) $ 45,000 Capital surplus 157,000 Retained earnings 603,000 Total owners

The owners equity accounts for Masterson International are shown here: Common stock ($1 par value) $ 45,000 Capital surplus 157,000 Retained earnings 603,000 Total owners equity $ 805,000 Assume the company's stock currently sells for $42 per share and a stock dividend of 10 percent is declared. a-1. How many new shares will be distributed?

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