Question
Double J's Inc. has net income of $240,000. The number outstanding shares of common stock is 150,000. The dividend payout ratio is 40%. What is
Double J's Inc. has net income of $240,000. The number outstanding shares of common stock is 150,000. The dividend payout ratio is 40%. What is the amount of dividends per share?
A) $0.64
B) $0.78
C) $0.40
D) $0.21
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
