Determine dividend per share, Finance Basics

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Determine dividend per share

Problem:

Suppose a firm has a retention ratio of 35 percent, net income of $31.1 million, and 6.1 million shares outstanding.

Required:

Question: What would be the dividend per share paid out on the firm's stock?

$1.78
$.65
$5.10
$3.31

Note: Please show how to work it out.

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Finance Basics: Determine dividend per share

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Finance Basics: Determine dividend per share

Reference No:- TGS0880772

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: Determine dividend per share

Reference No:- TGS0880772

Recent Questions Asked Finance Basics

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Q : Carlisle clinic equity balance

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