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A company's board of directors votes to declare a cash dividend of $0.85 per share. The company has 16,000 shares authorized, 11,000 issued, and...

A company’s board of directors votes to declare a cash dividend of $0.85 per share. The company has 16,000 shares authorized, 11,000 issued, and 9,700 shares outstanding. The total amount of the cash dividend is

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