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28. Stephen Inc. has 20,000 common shares issued at a $2 par value of which 16,000 are outstanding. If Stephen has no other outstanding stock,

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28. Stephen Inc. has 20,000 common shares issued at a $2 par value of which 16,000 are outstanding. If Stephen has no other outstanding stock, what size dividend must be pad such that each share receives $3? A) $120,000 B) $ 60,000 C) $ 96,000 D) $ 48,000 EI) None of the above

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