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Katz corporation has issued 400000 shares of common stock

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Katz Corporation has issued 400,000 shares of common stock and holds 20,000 shares in treasury. The charter authorized the issuance of 500,000 shares. The company has declared and paid a dividend of $1 per share. What is the total amount of the dividend?

a. $400,000

b. $20,000

c. $380,000

d. $500,000

Reference no: EM13571518

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