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What the payout ratio is

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Problem 1: A company had net income of $3,200,000 and paid dividends to common stockholders of $640,000 in 2022. The weighted-average number of shares outstanding in 2022 was 650,000 shares. The company's common stock is selling for $55 per share. The payout ratio for 2022 is:

1. 15%

2. 20%

3. 32%

4. 5%.

Reference no: EM132787400

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