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24. If the common dividend payout ratio for Jun-09 will be the average of the last two years what would be the value on cell

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24. If the common dividend payout ratio for Jun-09 will be the average of the last two years what would be the value on cell B4? D Dec-12 Dec-11 Dec-10 2 Net Income 12,426 12,075 10,340 3 Preferred Dividends 190 176 161 4 Gross Dividends - Common Stock? 4,479 4,048 a. 4,737 b. 4,327 c. 4,895 d. 4,204 e, 4,986

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