Bertram Corporation had net income of $325,000 and paid dividends to common stockholders of $39.000 in 2017. The weighted average number of shares outstanding in 2017 was 50.000 shares Bertram Corporations common stock is selling for $ 52 per share on the New York Stock Exchange Bertram Corporations payout ratio for 2017 is

Bertram Corporation had net income of $325,000 and paid dividends to common stockholders of $39,000 in 2017. The weighted average number of shares outstanding in 2017 was 50,000 shares. Bertram Corporation's common stock is selling for $52 per share on the New York Stock Exchange. Bertram Corporation's payout ratio for 2017 is Select one: a. 16%. b. 8.3% C. 15% d. 12% e. $6.5 per share