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QUESTION 18 Pablo's Peanut Butter Company just reported annual net income of $30 million and...

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QUESTION 18 Pablo's Peanut Butter Company just reported annual net income of $30 million and paid an annual dividend per share of $0.60. The firm has 10 million outstanding shares. The market value of PB8J's equity is $120 million. What is Pablo's dividend payout ratio? O 35% 15% 5% 20% 30% None of the other answer choices are correct

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