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The common stock of KRJ Enterprises is currently selling for $24.08 per share. Last year the company reported total earnings of $348 million and there were 200 million shares of common stock outstanding. The company also paid out dividends of $184 million. What was the company's dividend payout ratio? Present your answer in percentage terms, rounded to two decimal places. e.g. 20.00%.

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Financial Management, Finance

Category:- Financial Management
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