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22. Suppose a firm pays total dividends of $260,000 out of net income of $2.1 million. What would the firm's payout ratio be? .124 1.24

22. Suppose a firm pays total dividends of $260,000 out of net income of $2.1 million. What would the firm's payout ratio be?

.124
1.24
.26
8.077

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