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A company's board of directors votes to declare a cash dividend of $.75 per share....

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Accounting

A company's board of directors votes to declare a cash dividend of $.75 per share. The company has 15,000 shares authorized, 10,000 issued, and 9,500 shares outstanding. The total amount of the cash dividend is:

$10,250.

$7,125.

$11,250.

$7,500.

$14,625.

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