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Corporation has 4 million shares outstanding and earned $48 million in 2016. It paid a total of $8 million in dividends during the year. What
Corporation has 4 million shares outstanding and earned $48 million in 2016. It paid a total of $8 million in dividends during the year. What is the dividend payout ratio?
A. 0.17
B. 0.50
C. 2.00
D. 0.08
E. None of the above
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