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Bristol's Bistro, Inc., has declared a dividend of $1.58 per share for shareholders of record on Tuesday, December 3. The firm has 170,000 shares

Bristol's Bistro, Inc., has declared a dividend of $1.58 per share for shareholders of record on Tuesday, December 3. The firm has 170,000 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? The amount of cash needed to pay the dividend is $ (Round to the nearest dollar.)

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