What is the payout ratio for given current price of shares
Lucas, Inc., earned $10 million last year and retained $6 million. Lucas has 5 million shares outstanding, and the current price of Lucas shares is $30 per share. What is the payout ratio?
a) 2.67%b) 40%c) 60%
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Lucas has 5 million shares outstanding, and the current price of Lucas shares is $30 per share. What is the payout ratio?
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