Question
A firm has operating income of $4,500. The corporate tax rate is 21% and the personal tax rate is 20%. The firm's dividend payout ratio
A firm has operating income of $4,500. The corporate tax rate is 21% and the personal tax rate is 20%. The firm's dividend payout ratio is 65%. There are 100 shares outstanding. If the firm is an S-corporation, what is the net dividend per share? If the firm is a C-corporation what is the net dividend per share?
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Microeconomics
Authors: Glenn Hubbard, Anthony O'Brien
7th Edition
0134737504, 978-0134737508
