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QUESTION
Suppose that a firm has a retention rate of 45 percent, net income of $18 million, and 88 million shares outstanding. What would be the dividend per
Suppose that a firm has a retention rate of 45 percent, net income of $18 million, and 88 million shares outstanding. What would be the dividend per share paid out on the company's stock?
A. $0.1252
B. $0.1315
C. $0.1175
D. $0.1125
