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Question 13 (1 point) A firm follows a residual dividend policy and maintains a constant debt-to-equity ratio. There are 10,370 common shares outstanding at a
Question 13 (1 point) A firm follows a residual dividend policy and maintains a constant debt-to-equity ratio. There are 10,370 common shares outstanding at a market price of $16 per share, as well as 450 bonds outstanding and selling at a par value of $1,000. The projected spending on capital projects is $187,550 for next year. Net income for next year is estimated to be $72,870. What is the projected dividend amount per share for next year? $2.155 $2.209 $2.263 $2.317 $2.370
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