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  3. 9) the sailors co. is paying a $2.00 per share di

9) The Sailors Co. is paying a $2.00 per share dividend today. There are...

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Finance

9)

The Sailors Co. is paying a $2.00 per share dividend today. There are 200,000 shares outstanding with market price of $32 per share. Before the dividend, the company had earnings per share of $2.50. As a result of this dividend, the:

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The Sailors Co. is paying a $2.00 per share dividend today. There are 200,000 shares outstanding with market price of $32 per share. Before the dividend, the company had earnings per share of $2.50. As a result of this dividend, the: Multiple Choice Retained earnings will increase by $320,000. Earnings per share will increase to $3.00 O o Total firm value will not change. O Price-earnings ratio will be 12. O O O O Retained earnings will decrease by $200,000

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