A company's board of directors votes to declare a cash dividend of $.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.

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The Answer of A company's board of directors votes to declare a cash dividend of $.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.

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