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$12 million and dividends of $8 million were paid. What are Troy's EPS and payout ratios? $4.00 and 40% $0.80 and 1.2X $5.00 and 40%

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$12 million and dividends of $8 million were paid. What are Troy's EPS and payout ratios? $4.00 and 40% $0.80 and 1.2X $5.00 and 40% $2.00 and 0.40 $4.00 and 60%

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