You are in talks to settle a potential lawsuit. The defendant has offered to make annual payments of $39,000, $43,000, $88,000, and $132,000 to you each year over the next four years, respectively. All payments will be made at the end of the year.
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The board of directors of Capstone Inc. declared a $0.70 per share cash dividend on its $1 par common stock. On the date of declaration, there were 50,000 shares authorized, 22,000 shares issued, and 3,800 shares held as treasury stock.
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