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Retained Earnings ($ in millions) Retirement of 10 million common shares for $20 million 2 60 Begin 80 net income for the year Declaration

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Retained Earnings ($ in millions) Retirement of 10 million common shares for $20 million 2 60 Begin 80 net income for the year Declaration and payment of $0.6 per share cash dividend Declaration and distribution of a 25% stock dividend XXX YYY ZZZ

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