ABC Company files Articles of Incorporation on 1/1/15 and 1,000 shares are authorized. ABC issues 700 shares on 2/1/15, but decides to buy back 200 shares of treasury stock on 6/1/15. On 7/1/15 ABC decides to declare a dividend of $2 per share for all stockholders of record on 8/1/15 to be paid 9/30/15. How much is the dividend payable?
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