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Question 16 (5 points) Collins Inc's latest net income was $1 million, and it had 200,000 common shares outstanding. The company wants to pay out

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Question 16 (5 points) Collins Inc's latest net income was $1 million, and it had 200,000 common shares outstanding. The company wants to pay out 40% of its income as dividend. How much dividend per share should the company declare? $1.70 $1.80 $1.60 $1.90 $2.00

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