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  3. common stock, no par value, 15,000,000 shares auth

Common stock, no par value, 15,000,000 shares authorized, 9,200,000 shares issued, 8,900,000 shares outstanding...$1,104,000,000 (a.)...

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Accounting

Common stock, no par value, 15,000,000 shares authorized, 9,200,000 shares issued, 8,900,000 shares outstanding...$1,104,000,000 (a.) Calculate the average price at which the shares were issued. (b.) If these shares had been assigned a stated value of $10 each, show how the above caption would be different. (c.) Calculate the total amount of cash that would be paid to stockholders if a cash dividend of $1.50 per share were declared.

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