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Vision Corporation has the following information on its financial statement:

-If Vision did not pay a dividend for the last two years,but declared a dividend this year,how much will they have to declare in order for the common stockholders to receive $0.45 per share?

Question

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Vision Corporation has the following information on its financial statement:
 
-If Vision did not pay a dividend for the last two years,but declared a dividend this year,how much will they have to declare in order for the common stockholders to receive $0.45 per share?

Quizplus · Accepted Answer

Vision has 420,000 shares outstanding. To pay a dividend of $0.45 per share, Vision must declare a total dividend of $0.45 * 420,000 = $189,000.

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