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SanMartin Corporation Has 300,000 Shares of $10 Par Value,common Shares

Question 72

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SanMartin Corporation has 300,000 shares of $10 par value,common shares authorized through its charter.250,000 shares were issued of which 225,000 shares are currently outstanding.The year-end market price of the stock was $70.Dividends paid at the end of the year were $3 per share.Calculate the total dividends paid.

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