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What the fannie mae corporation payout ratio

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Reference no: EM133042966

Problem - Fannie Mae Corporation had net income of $280,000 and paid dividends of $50,000 to common stockholders and $20,000 to preferred stockholders in 2020. Fannie Mae Corporation's common stockholders' equity at the beginning and end of 2020 was $870,000 and $1,130,000, respectively. What the Fannie Mae Corporation's payout ratio for 2020?

Reference no: EM133042966

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