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For 2020, DCM Company has an earnings per share of P57. The firm has a graduated payout policy. 10% will be paid out on earnings

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For 2020, DCM Company has an earnings per share of P57. The firm has a graduated payout policy. 10% will be paid out on earnings above P10, 20% will be paid out on earnings above P20, and 40% will be paid out on earnings above P40. What will be the dividend per share for 2020? P11.80 P5.70 P11.40 P22.80

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