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Keller Co. has a target capital structure that consists of 35% debt and 65% equity. The company anticipates that its capital budget for the upcoming
Keller Co. has a target capital structure that consists of 35% debt and 65% equity. The company anticipates that its capital budget for the upcoming year will be $750,000. If Keller reports net income of $1,000,000 and it follows a residual dividend payout policy, what will be its dividend payout ratio? O 73.25% 10.00% 51.25% O 68.30%
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