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A company's board of directors votes to declare a cash dividend of $1.25 per share of common stock. The company has 25,000 shares authorized, 20,000
A company's board of directors votes to declare a cash dividend of $1.25 per share of common stock. The company has 25,000 shares authorized, 20,000 issued, and 19,500 shares outstanding. The total amount of the cash dividend is:
$24,375.
$30,250.
$25,000.
$31,250.
$49,375.
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