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Avis Company reported net profit of $500,000 for the year ended December 31, 2021. It declared and paid out cash dividend of $25,000 in 2021.

Avis Company reported net profit of $500,000 for the year ended December 31, 2021. It declared and paid out cash dividend of $25,000 in 2021. Calculate the dividend payout ratio of Avis Company. a. 0.5 b. 0.005 O c. 0.05 O d. 0.25

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