4. Springsteen Music Company earned $820 million last year and paid out 20 percent of earnings in...

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4. Springsteen Music Company earned $820 million last year and paid out 20 percent of earnings in dividends.

a. By how much did the company’s retained earnings increase?

b. With 100 million shares outstanding and a stock price of $50, what was the dividend yield? {Hint: First compute dividends per share.)

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Foundations Of Financial Management

ISBN: 9780073382388

13th Edition

Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen

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Question Posted: Oct 22, 2024 06:02 AM

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4. Springsteen Music Company earned $820 million last year and paid out 20 percent of earnings in...

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Foundations Of Financial Management

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