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Dividend per share paid out on the firm stock

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Suppose a firm has a retention ratio of 60%, net income of 36.5 million, and 215 million shares outstanding. What would be the dividend per share paid out on the firm's stock? Round your answers to 2 decimal places.

Retention Ratio 60%

Net Income $36,500,000

Shares outstanding 215,000,000

Complete the following analysis. Do not hard code values in your calculations, and do not round intermediate calculations.

Dividends per share ____________?

Reference no: EM132504059

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