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Groeneweg Corporation has provided the following data Dividends on common stock during Year 2 totaled $4, 500. The market price of common stock at the

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Groeneweg Corporation has provided the following data Dividends on common stock during Year 2 totaled $4, 500. The market price of common stock at the end of Year 2 was $9.45 per share. The company's dividend payout ratio for Year 2 is closest to. 1.0% 13.4% 4.5% 8.7%

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