Oharas market has a net income of 16 million and 525000

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O'haras market has a net income of $1.6 million and 525,000 shares of stock outstanding. What is the amount of the dividends per share if the plowback ratio is 60 percent?

a) $0.94

b) $1.07

c) $1.22

d) $1.67

e) $1.98

Reference no: EM13575289

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