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24. Suppose a firm has a retention ratio of 45 percent and net income of $3.2 million. How much does it pay out in dividends?
24. Suppose a firm has a retention ratio of 45 percent and net income of $3.2 million. How much does it pay out in dividends? Multiple Choice
A- $4.64 million
B - $1,440,000
C - $1.76 million
D - $3.20 million
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