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Business, 30.06.2020 18:01 genyjoannerubiera

A customer holds 100 shares of ABC Corp $100 par convertible preferred stock convertible at a 10 to 1 ratio. If ABC declares and pays a 10% stock dividend, then as of the payable date, the customer will now have:.A. 90 shares of ABC preferred stockB. 100 shares of ABC preferred stockC. 100 shares of ABC preferred stock and 10 shares of ABC common stockD. 110 shares of ABC preferred stock

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A customer holds 100 shares of ABC Corp $100 par convertible preferred stock convertible at a 10 to...
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