Ennis, Inc. has 35,000 common shares issued at a $2.25 par value of which 22,000...
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Accounting
Ennis, Inc. has 35,000 common shares issued at a $2.25 par value of which 22,000 are outstanding. If Ennis has no other outstanding stock, what size dividend must be paid such that each share receives $3.20?
Select one:
A. $96,500
B. $52,500
C. $70,400
D. $44,000
E. None of the above
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