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Compute the Shannon Corporation payout ratio

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Question - Shannon Corporation had profit of $250,000 and paid dividends to common shareholders of $50,000 in 2021. The weighted average number of shares issued in 2021 was 50,000 shares. Shannon Corporation's common shares are selling for $40 per share on the Toronto Stock Exchange. Compute the Shannon Corporation's payout ratio?

Reference no: EM132614746

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