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A company's board of directors votes to declare a cash dividend of $1.40 per share of common stock. The company has 28,000 shares authorized, 23,000
A company's board of directors votes to declare a cash dividend of $1.40 per share of common stock. The company has 28,000 shares authorized, 23,000 issued, and 22,500 shares outstanding. The total amount of the cash dividend is:
$63,700.
$32,200.
$38,200.
$39,200.
$31,500.
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