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(Stock dividends) In the spring of 2016, the CFO of HTPL Distributing Company decided to distribute a stock dividend
to its shareholders. Specifically, the CFO proposed that the company pay 0.045 shares of stock to the holders of
each share of common stock such that the holder of 1,000 shares of stock would receive an additional 45 shares of
common stock.

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(Stock dividends) In the spring of 2016- the CFO of HTPL Distributing.pdf

  • 1. (Stock dividends) In the spring of 2016, the CFO of HTPL Distributing Company decided to distribute a stock dividend to its shareholders. Specifically, the CFO proposed that the company pay 0.045 shares of stock to the holders of each share of common stock such that the holder of 1,000 shares of stock would receive an additional 45 shares of common stock.