Cba inc has 260000 shares outstanding with a 105 par value, Finance Basics

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Cba inc has 260000 shares outstanding with a 105 par value

Question: CBA Inc has 260,000 shares outstanding with a $10.5 par value. The shares were issued for $20.5. The stock is currently selling for $32.5. CBA has $7,000,000 in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by 11.50%. What will be the capital in excess of par account after the stock dividend?

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Finance Basics: Cba inc has 260000 shares outstanding with a 105 par value

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Finance Basics: Cba inc has 260000 shares outstanding with a 105 par value

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