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Ambidex Ltd. established five years ago, was capitalized with $4.5 million from the sale of common shares. The company retained 100% of its earnings through
Ambidex Ltd. established five years ago, was capitalized with $4.5 million from the sale of common shares. The company retained 100% of its earnings through that period. This year Ambidex Ltd. declared a dividend which provided common shareholders with a return of 12% compounded annually. What was the amount of the dividend declared?
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