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226A Waterloo firm With net income of $500,000 pays 48% of net income out in dividends. If the firm has 150,000 shares of common stock

226A Waterloo firm With net income of $500,000 pays 48% of net income out in dividends. If the firm has 150,000 shares of common stock outstanding, What is the dividend paid per share of stock? A. $0.30 B. $1.44 C. $1.60 D. $1.73 E. $3.33

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