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In its most recent financial statements, Newhouse Inc. reported $ 5 0 million of net income and $ 8 2 0 million of retained earnings.

In its most recent financial statements, Newhouse Inc. reported $50 million of net income and $820 million of retained earnings. The previous retained earnings were $780 million.How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. 5 points

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