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Optimum Inc. has the following quarterly earnings (Net Income) projections. The company retains 60% of its earnings and follows a stable dividend policy each year.
- Optimum Inc. has the following quarterly earnings (Net Income) projections. The company retains 60% of its earnings and follows a stable dividend policy each year. What is the dividend for the 2nd quarter? 1st quarter = $650,000; 2nd quarter = $800,000; 3rd quarter = $550,000; 4th quarter = $1,000,000.
a. $220,000
b. $260,000
c. $300,000
d. $320,000
e. $400,000
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