STOCKHOLDER PAYOUT RATIOS The following information pertains to Milo Minderbender Corporation: Net income $46,000 Dividends per common

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STOCKHOLDER PAYOUT RATIOS The following information pertains to Milo Minderbender Corporation:

Net income $46,000 Dividends per common share $1.50 Common shares 1,000 Purchases of treasury stock $3,700 Common share price $37 Required:

Calculate the dividend yield, dividend payout, and total payout.

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