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7. If a firm has a 60% dividend payout ratio and $10,000 Net income in a given year, and has 1,000 outstanding common stock, then
7. If a firm has a 60% dividend payout ratio and $10,000 Net income in a given year, and has 1,000 outstanding common stock, then it will distribute ______ in dividend to each share in that year. *
a. $6,000
b. $6
c. $2,050
d. $4,000
e. None of the above
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