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Company ABC has issued a special dividend; a portion will be paid in cash and the remainder in stock. The account owns 870,310 shares; dividend
Company ABC has issued a special dividend; a portion will be paid in cash and the remainder in stock. The account owns 870,310 shares; dividend rate is $2.79; the rate for the cash allocation is $.607293; the reinvestment price for the stock portion is $26.613333. What are the cash and shares allocated to the account?
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