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Company X 's latest net income was $1,500,000, and it had 250,000 shares outstanding. The company wants to pay out 45.0% of its net income

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Company X 's latest net income was $1,500,000, and it had 250,000 shares outstanding. The company wants to pay out 45.0% of its net income as dividends. What dividend per share should it declare? Do not round your intermediate calculations. 2.03 270 3.30 2.30 0.08

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