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Vincent Corporation has 90,000 share of $110 par common stock outstanding. On June 30, Vincent Corporation declared a 6% stock dividend to be issued July

Vincent Corporation has 90,000 share of $110 par common stock outstanding. On June 30, Vincent Corporation declared a 6% stock dividend to be issued July 30 to stockholders of record July 15. The market price of the stock was $122 a share on June 30.

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