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Cole Company has 295,000 shares of common stock authorized, 244,000 shares issued, and 63,000 shares of treasury stock. The companys board of directors has declared

Cole Company has 295,000 shares of common stock authorized, 244,000 shares issued, and 63,000 shares of treasury stock. The companys board of directors has declared a dividend of 70 cents per share.

What is the total amount of the dividend that will be paid?

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