XYZ company has the following: Stock market price, December 31, 2018: $80 Common...
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Accounting
XYZ company has the following:
Stock market price, December 31, 2018: $80
Common stock ($5 par): $3,000,000
Net Income for year 2018: $1,700,000
Retained Earnings January 1, 2018: $1,900,000
If on December 31, 2018, the company wants to pay the maximum amount it can in dividends to its shareholders, what is the dividend yield ratio?
Select one:
a. 6%
b. 3.5%
c. 7.5%
d. 4%
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