Cafe de oro earns 425 per share and has a dividend payout
Cafe de Oro earns $4.25 per share and has a dividend payout ratio of 0.40. If Cafe de Oro has a capital budget of $200,000 and 70,000 shares outstanding, what are the annual dividends per share?
A. $1.70B. $1.39C. $2.55D. $4
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