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Business, 02.03.2020 18:03 emiliolovato

A customer holds 100 shares of ABC Corp $100 par non-convertible preferred stock. If ABC declares and pays a 10% common stock dividend, then as of the payable date, the customer will now have:A. 90 shares of ABC preferred stock
B. 100 shares of ABC preferred stock
C. 100 shares of ABC preferred stock and 10 shares of ABC common stock
D. 110 shares of ABC preferred stock

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