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A firm has a beginning retained earnings balance of $550,000 and an ending of $750,000. The firm has revenue of $450,000 and expenses of $50,000.

A firm has a beginning retained earnings balance of $550,000 and an ending of $750,000. The firm has revenue of $450,000 and expenses of $50,000. They are in the 34% tax bracket. A. Did they pay any dividends and if so how much? B. If they have 100,000 shares outstanding, what was the dividend per share?

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