McJunkin Ltd. declares a 10% share dividend on December 31, 2015. CurrentlyMcJunkin has 30,000 shares outstanding. The market value of the shares on the date of declaration is $3 per share. The value to be assigned to this share dividend is:

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The value assigned to the share dividend is calculated by multiplying the number of shares to be issued by the market value per share. 10% of 30,000 shares is 3,000 shares, and at $3 per share, the value is $9,000.