ABC Company has a total of 100,000 shares of common stock outstanding. The company declared a cash dividend of $1.50 per share for the current period. The company also had 5,000 shares of treasury stock at the beginning of the period. During the period, the company purchased an additional 2,500 shares of treasury stock at a cost of $30 per share.

a) What is the total amount of cash dividends the company will pay out for the current period?
b) What is the average cost per share of the company's treasury stock after the purchase of an additional 2,500 shares?

Answer rating: 100% (QA)

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