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The charter of a corporation provides for the issuance of 107,703 shares of common stock. Assume that 40,000 shares were originally issued and 3,389

The charter of a corporation provides for the issuance of 107,703 shares of common stock. Assume that 40,000 shares were originally issued and 3,389 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a. $40,000 b. $73,222 c. $107,70 d. $3,389

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