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A company's board of directors votes to declare a cash dividend of $1.75 per share of common stock. The company has 35,000 shares authorized, 30,000
A company's board of directors votes to declare a cash dividend of $1.75 per share of common stock. The company has 35,000 shares authorized, 30,000 issued, and 29,500 shares outstanding. The total amount of the cash dividend is:
$60,250.
$104,125.
$61,250.
$52,500.
$51,625.
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