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Jadan earned 400,000 this year and follows the constant dividend policy when paying dividends. Jadan has determined that it needs a total of 800,000 for
Jadan earned 400,000 this year and follows the constant dividend policy when paying dividends. Jadan has determined that it needs a total of 800,000 for investment in capital budgeting projects this year. If the company's debt/asset ratio is 60 percent, what will its dividend payout ratio be this year if last year's dividend was 200,000? Jadan has no preferred stock.
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