According to the residual dividend policy what should be, Finance Basics

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According to the residual dividend policy what should be

The Hawaiian Corporation expects this year's net income to be $12 million. The firm's target debt/ assets ratio is 30 percent. This year, Hawaiian has $20 million profitable investment opportunities. According to the residual dividend policy, what should be Hawaiian's dividend payout ratio this year?

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Finance Basics: According to the residual dividend policy what should be

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Finance Basics: According to the residual dividend policy what should be

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