FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question

7

Suppose a firm has a retention ratio of 50 percent, net Income of $17.8 million, and 10 million shares outstanding. What would be the dividend per share paid out on the firm's stock? (Round your answer to 2 decimal places.) Dividend per share
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Transcribed Image Text:Suppose a firm has a retention ratio of 50 percent, net Income of $17.8 million, and 10 million shares outstanding. What would be the dividend per share paid out on the firm's stock? (Round your answer to 2 decimal places.) Dividend per share
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