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