Dividend per Share (LG17-2) Suppose a firm has a retention ratio of 40...
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Accounting
Dividend per Share (LG17-2)
Suppose a firm has a retention ratio of 40 percent, net income of $35.8 million, and 180 million shares outstanding. What would be the dividend per share paid out on the firm's stock?(Round your answer to 2 decimal places.)
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