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  3. suppose a firm pays total dividends of $1,416,000

Suppose a firm pays total dividends of $1,416,000 out of net income of $5.9 million....

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Accounting

Suppose a firm pays total dividends of $1,416,000 out of net income of $5.9 million. What would the firms payout ratio be? (Round your answer to 2 decimal places.)

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