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12 What is the payout ratio for a firm that has earnings per share of $12.00 and pays out $3.00 per share as dividends? a.

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What is the payout ratio for a firm that has earnings per share of $12.00 and pays out $3.00 per share as dividends? a. 75% b. 25% C. 33.33% d. 66.67%

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