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Last year, Headline News Corporation paid $720,000 in dividends and retained $240,000 of the earnings it generated. The company follows a constant payout ratio dividend
Last year, Headline News Corporation paid $720,000 in dividends and retained $240,000 of the earnings it generated. The company follows a constant payout ratio dividend policy. If Headline generates $1.21 million in income this year, how much will be paid in dividends? Round your answer to the nearest dollar. $_____
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
