P8.4 Goodstuff Corporation has total equity of $500 million and 100 million shares outstanding. Its ROE is

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P8.4 Goodstuff Corporation has total equity of $500 million and 100 million shares outstanding. Its ROE is 15%. The dividend payout ratio is 33.3%. Calculate the company’s dividends per share (round to the nearest cent).

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Fundamentals Of Investing

ISBN: 9781442532885

3rd Edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott Smart, Roger Juchau, Donald Ross, Sue Wright

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Question Posted: Oct 24, 2024 07:04 AM

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P8.4 Goodstuff Corporation has total equity of $500 million and 100 million shares outstanding. Its ROE is

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Fundamentals Of Investing

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