What dividend per share should the company declare

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A firm has total assets of $510,000. There are 45,000 shares of stock outstanding with a market value of $48 a share. The firm has a net income of $70,000. What is the price-earnings ratio.

Collins Inc's latest net income was $2 million, and it had 400,000 shares outstanding. The company wants to pay out 40% of its income as dividends. What dividend per share should the company declare?

Reference no: EM132068885

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