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1. During 2019, Haveno, Inc.s assets rose by $8 million and its liabilities rose by $4 million. During the year it repurchased $3 million of

1. During 2019, Haveno, Inc.s assets rose by $8 million and its liabilities rose by $4 million. During the year it repurchased $3 million of common stock. Assuming net income for the period of $12 million, what was the amount of dividends declared in 2019?

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