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A company's board of directors votes to declare a cash dividend of $1.25 per share...

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Accounting

A company's board of directors votes to declare a cash dividend of $1.25 per share of common stock. The company has 25,000 shares authorized, 20,000 issued, and 19,500 shares outstanding. The total amount of the cash dividend is:

$24,375.

$30,250.

$25,000.

$31,250.

$49,375.

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