JimGyms has the following quarterly earnings projections. The company retains 60% of its earnings and...
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JimGyms has the following quarterly earnings projections. The company retains 60% of its earnings and follows a stable dividend policy each year. What is the dividend for the 2ndquarter?
1st quarter$650,0002nd quarter$800,0003rd quarter$550,0004rd quarter$1,000,000
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