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The charter of a corporation provides for the issuance of 100000 shares of common stock. Assume that 50000 shares were originally issued and 5000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1 per share dividend is declared?

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The charter of a corporation provides for the issuance of 100000 shares of common stock. Assume that 50000 shares were originally issued and 5000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1 per share dividend is declared?






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