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Depop Corporation has 4 million shares outstanding and earned $48 million in 2011. It paid a total of $8 million in dividends during the year.

Depop Corporation has 4 million shares outstanding and earned $48 million in 2011. It paid a total of $8 million in dividends during the year. What is Depops dividend payout ratio?

A. 0.17

B. 0.50

C. 2.00

D. 0.08

E. None of the above

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