Last year, the Creative Artists retained $100,000 of the $250,000 net income it generated. This year, Creative

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Last year, the Creative Artists retained $100,000 of the $250,000 net income it generated. This year, Creative generated net income equal to

$275,000. If Creative follows the constant dividend payout ratio dividend policy, how much should be paid in dividends this year?

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Cfin4 Plus Coursemate Printed Access Card 2014

ISBN: 9781285434544

1st Student Edition

Authors: Scott Besley, Eugene F. Brigham

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