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MC Qu. 77 Lucas, Inc. earned $earn million last year and retained... Lucas, Inc. earned $15 million last year and retained $6 million. Lucas has

MC Qu. 77 Lucas, Inc. earned $earn million last year and retained... Lucas, Inc. earned $15 million last year and retained $6 million. Lucas has 10 million shares outstanding, and the current price of Lucas shares is $50 per share. What is the payout ratio? (Round your answer to the nearest whole percent.) 60% 55% 63% 65%

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