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1. Banner Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000 in 2005. The weighted average number of shares outstanding

1. Banner Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000 in 2005. The weighted average number of shares outstanding in 2005 was 50,000 shares. Banner Corporation's common stock is selling for $50 per share on the New York Stock Exchange. A. Banner Corporation's payout ratio for 2005 is:

$5 per share. 12.5%. 20%. 25%.

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