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Bristol's Bistro Inc. has declared a dividend of $1.25 per share for shareholders of record on Tuesday, December 3. The firm has 350,000 shares outstanding

Bristol's Bistro Inc. has declared a dividend of $1.25 per share for shareholders of record on Tuesday, December 3. The firm has 350,000 shares outstanding and will pay the dividend on December 28. How much cash will be needed to pay the dividend? When will the stock begin selling ex dividend?

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