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Maxum Corporation had net income of $4000000 and paid dividends to common stockholders of $600000 in 2022. The weighted average number of shares outstanding in

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Maxum Corporation had net income of $4000000 and paid dividends to common stockholders of $600000 in 2022. The weighted average number of shares outstanding in 2022 was 200000 shares. Maxum Corporation common stock is selling for $50 per share on the NASDAQ. Maxum Corporation payout ratio for 2022 is $5 per share. 12% 15%

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