1. A company has 31,000 shares of common stock outstanding. The stockholders' equity applicable to common shares is $400,000, and the par value per common share is $10. The book value per share is (rounded):

$11.50

$12.90

$.08

$14.40

$10.00

2. A company's board of directors votes to declare a cash dividend of $.80 per share. The company has 16,000 shares authorized, 14,000 issued, and 13,800 shares outstanding. The total amount of the cash dividend is:

$11,040

$1,760

$11,200

$12,800

$11,025