513-9 Journalizing a small stock dividend Learning Objective 4 Element Water Sports has 13,000 shares of $1 par value common stock outstanding, Element distributes a 5% stock dividend when the market value of its stock is $15 per share. Requirements 1. Journalize Element's declaration of the stock dividend on August 15 and distribution on August 31. ana 11. A bond has a 3.9% annual coupon and a par value of $1,000. It matures in 12 years and is currently selling for $823.97. What is the yield (or market rate) for this bond? walue of $1.000 and is