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Need help with the following problem. Please show work. 9. (6 points) Dividends Suppose a firm has a retention ratio of 75 percent, net income

Need help with the following problem. Please show work.

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9. (6 points) Dividends Suppose a firm has a retention ratio of 75 percent, net income of $8 million, and 4 million shares outstanding. What would be the dividend per share paid out on the firm's stock

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