A Company's Board of Directors Votes to Declare a Cash

A company's board of directors votes to declare a cash dividend of $0.75 per share of common stock. The company has 15,000 shares authorized, 10,000 issued, and 9,500 shares outstanding. The total amount of the cash dividend is:

A) $10,250.
B) $14,625.
C) $7,125.
D) $7,500.
E) $11,250.