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A firm earned $13 million last year and maintains a 20% dividend payout ratio. The company has 2 million shares of common stock outstanding and

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A firm earned $13 million last year and maintains a 20% dividend payout ratio. The company has 2 million shares of common stock outstanding and a P/E ratio of 12. What is the amount of earnings per share? Select one: O A. $2.60 OB. $5.30 OC $6.50 OD $7.80

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