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A company's board of directors votes to declare a cash dividend of $1.10 per share of common stock. The company has 22,000 shares authorized, 17,000

A company's board of directors votes to declare a cash dividend of $1.10 per share of common stock. The company has 22,000 shares authorized, 17,000 issued, and 16,500 shares outstanding. The total amount of the cash dividend is:

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