Arya Inc.'s latest net income was $1,250,000, and ithad 225,00o shares outstanding. The company wantsto pay out 45% of its income, What dividend per shareshould it declare?

Net income = $ 1,250,000 Number of shares = 225,000 Payout ratio = 45%

Answered: Arya Inc.'s latest net income was…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Arya Inc.'s latest net income was $1,250,000, and it had 225,000 shares outstanding. The company wants to pay out 45% of its income. What dividend per share should it declare?