Mr. Seider, a shareholder in the Greenfield Corporation, owns 9000 shares of their common stock, which represents 25% of the outstanding common stock of Greenfield Corporation. Mr. Seider receives a 5% stock dividend. After the stock dividend, what is Mr. Seider's ownership in Greenfield Corporation's common stock?
A) 5% ownership
B) 20% ownership
C) 25% ownership
D) 30% ownership
Correct Answer:
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