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Savannah Inc. has 35,000 common shares issued at a $1.50 par value of which 22,000...

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Accounting

Savannah Inc. has 35,000 common shares issued at a $1.50 par value of which 22,000 are outstanding. If Savannah has no other outstanding stock, what size dividend must be paid such that each share receives $2?

$70,000

$96,500

$44,000

$52,500

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