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Cole Company has 301,000 shares of common stock authorized, 259,000 shares issued, and 75,000 shares of treasury stock. The companys board of directors has declared

Cole Company has 301,000 shares of common stock authorized, 259,000 shares issued, and 75,000 shares of treasury stock. The companys board of directors has declared a dividend of 75 cents per share.

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

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