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16. MC.13-093.ALGO (Algorithmic) The charter of a corporation provides for the issuance of 117,068 shares of common stock. Assume that shares were originally issued and

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16. MC.13-093.ALGO (Algorithmic) The charter of a corporation provides for the issuance of 117,068 shares of common stock. Assume that shares were originally issued and 3,313 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? 38,460 a. $117,068 b. $3,313 c. $38,460 d. $70,294

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