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The charter of a corporation provides for the issuance of 110,966 shares of common stock. Assume that 43,514 shares were originally issued and 3,811 were

The charter of a corporation provides for the issuance of 110,966 shares of common stock. Assume that 43,514 shares were originally issued and 3,811 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared?

a.$110,966

b.$43,514

c.$79,406

d.$3,811

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