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What dividend per share should declare

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Problem 1: Emerson Inc.'s would like to undertake a policy of paying out 45% of its income. Its latest net income was $1,485,000, and it had 225,000 shares outstanding. What dividend per share should it declare?

Select the correct answer.

a. $2.97
b. $3.13
c. $3.61
d. $3.29
e. $3.45

Reference no: EM132965133

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