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A company's board of directors votes to declare a cash dividend of $.85 per share of common stock. The company has 17,000 shares authorized, 12,000

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A company's board of directors votes to declare a cash dividend of $.85 per share of common stock. The company has 17,000 shares authorized, 12,000 Issued, and 11.500 shares outstanding. The total amount of the cash dividend is: Multiple Choice $10.200 $9.775 $13,450 o $19.925 $14.450

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