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Acme Company reports earnings per share of $ 1 . 2 0 , a price - earnings ratio of 1 2 . 5 0 ,

Acme Company reports earnings per share of $1.20, a price-earnings ratio of 12.50, and a dividend yield ratio of 16%. Acme has an average of 50,000 shares of common shares outstanding during the year. What is the amount of dividends per share?
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