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A company's board of directors votes to declare a cash dividend of exist1.75 per share of common stock. The company has 35,000 shares authorized. 30,000

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A company's board of directors votes to declare a cash dividend of exist1.75 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: exist61, 250. exist51, 625. exist104, 125. exist60, 250. exist52, 500

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