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Netpass Company has 50,000 shares of common stock authorized, 47,500 shares issued, and 20,000 shares of treasury stock. The company's board of directors declares

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Netpass Company has 50,000 shares of common stock authorized, 47,500 shares issued, and 20,000 shares of treasury stock. The company's board of directors declares a dividend of $1.20 per share of common stock. What is the total amount of the dividend that will be paid? Dividend Amount to be Paid

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