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A firm paid a dividend of $1.75 per share this year and had earnings of $3.8 a share. The market price of its stock is

A firm paid a dividend of $1.75 per share this year and had earnings of $3.8 a share. The market price of its stock is $51. What is its dividend payout ratio?

a)3.4% b)46.1% c)10.9% d)7.5%

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