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Cole Company has 296,000 shares of common stock authorized, 253,000 shares issued, and 70,000 shares of treasury stock. The company's board of directors has declared

Cole Company has 296,000 shares of common stock authorized, 253,000 shares issued, and 70,000 shares of treasury stock. The company's board of directors has declared a dividend of 76 cents per share. What is the total amount of the dividend that will be paid?

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