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In its annual report this year, St. Martin's Inc. reported a net income of $300 million. Last year, the company reported a retained earnings balance

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In its annual report this year, St. Martin's Inc. reported a net income of $300 million. Last year, the company reported a retained earnings balance of $655 million, whereas this year it reports $750 million. Approximately, how much was paid out in dividends this year? $395 million $450 million $205 million $95 million

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