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Farhan's Fences has retained earnings of $2.5 million, after paying dividends of $1.5 million. What was the firm's payout ratio? O 0.38 0.60 0.63 1.50

Farhan's Fences has retained earnings of $2.5 million, after paying dividends of $1.5 million. What was the firm's payout ratio? O 0.38 0.60 0.63 1.50 1.67

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