RST Had the Following Shareholders and the Shares Owned by Each

question 98

Multiple Choice

RST had the following shareholders and the shares owned by each on November 15: On that date,RST declared a 1 for 2 common stock dividend.The stock was selling for $10 per share.RST issued fractional share rights when necessary.RST had to issue which of the following number of fractional share rights:

• A) More than three.
• B) Three.
• C) Two.
• D) One.

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