Problemsuppose a firm has a retention ratio of 35 percent, Ask an Expert

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Problem:

Suppose a firm has a retention ratio of 35 percent, net income of $31.1 million, and 6.1 million shares outstanding.

Required:

Question: What would be the dividend per share paid out on the firm's stock?

$1.78
$.65
$5.10
$3.31

Note: Please show how to work it out.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162753

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