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Kieso, Intermediate Accounting, 166e Assignment Gradebook ORION Downloadable eTextbook ice nent Multiple Choice Question 108 Concord Corporation had the following information in its financial statements

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Kieso, Intermediate Accounting, 166e Assignment Gradebook ORION Downloadable eTextbook ice nent Multiple Choice Question 108 Concord Corporation had the following information in its financial statements for the years ended 2017 and 2018: Cash dividends for the year 2018 Net income for the year ended 2018 Market price of stock, 12/31/17 Market price of stock, 12/31/18 Common stockholders' equity, 12/31/17 Common stockholders' equity, 12/31/18 $9000 90000 10 12 1004000 1209000 100300 15000 Outstanding shares, 12/31/18 Preferred dividends for the year ended 2018 What is the payout ratio for Concord Corporation for the year ended 2018 o 12.0% 10.0% 18.1% 25.6%

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