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  1. business
  2. accounting
  3. a company had net income of $55,000 and paid divid

A company had net income of $55,000 and paid dividends to common shareholders of $6,000...

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Accounting

A company had net income of $55,000 and paid dividends to common shareholders of $6,000 for the year. The weighted average number of common shares outstanding during the year was 1,000 shares. The company's common shares are trading at $70 per share on the Toronto Stock Exchange. The company's payout ratio for the year is O 4.2%. 12.2%. O 10.9%. O 5.8%. Save for Later Submit Answer
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A company had net income of $55,000 and paid dividends to common shareholders of $6,000 for the year. The weighted average number of common shares outstanding during the year was 1,000 shares. The company's common shares are trading at $70 per share on the Toronto Stock Exchange. The company's payout ratio for the year is 4.2% 12.2% 10.9% 5.8%

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