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Last year, Boxer Inc. earned a net income of $175,000 and had 50,000 shares of stock outstanding. The dividends per share were $1.19. What is
Last year, Boxer Inc. earned a net income of $175,000 and had 50,000 shares of stock outstanding. The dividends per share were $1.19. What is the dividend payout ratio?
A) 34%
B) 75%
C) 25%
D) 66%
E) 50%
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