On September $15,2024,$ the Hanmei Company board of directors declared a $8\%$ stock dividend on common shares. The shares are to be distributed on October $10,2024,$ to shareholders of record on October $1,2024.$ The market price per share on the date of declaration was $$23\mathrm{.}7$ while the market price on the date of distribution was $$25\mathrm{.}7.$ The common stock has a par of $$5$ per share and there were $1,650,000$ shares outstanding prior to the declaration of the stock dividend.

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