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Netpass Company has 3 5 0 , 0 0 0 shares of common stock authorized, 3 1 5 , 0 0 0 shares issued, and

Netpass Company has 350,000 shares of common stock authorized, 315,000 shares issued, and 140,000 shares of treasury stock. The companys board of directors declares a dividend of $2.20 per share of common stock. What is the total amount of the dividend that will be paid?

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