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Intro Montana Joe Corp. had net income of $13,200 last year, paid out $5,300 in...

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Accounting

image Intro Montana Joe Corp. had net income of $13,200 last year, paid out $5,300 in dividends, and wants to maintain the same dividend payout ratio in the future. At the end of the year, the company had a book value of debt of $38,000 and a book value of equity of $40,000

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