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Assume you own shares in Honeywell Inc. and that the company currently earns $3.90 per share and pays annual dividend payments that total $2.75 a

Assume you own shares in Honeywell Inc. and that the company currently earns $3.90 per share and pays annual dividend payments that total $2.75 a share each year. Calculate the dividend payout for Honeywell?

(Enter your answer as a percent rounded to 2 decimal places.)

Dividend Payout: ?

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