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The charter of a corporation provides for the issuance of 9 8 , 4 0 5 shares of common stock. Assume that 3 7 ,

The charter of a corporation provides for the issuance of 98,405 shares of common stock. Assume that 37,277 shares were originally issued and 3,534 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared?

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