Question 18 Edelman, Inc. provides the following information for 2017 Net income Market price per share of common stock Dividends paid Common stock outstanding at Jan. 3, 2017 Common stock outstanding at Dec. 31, 2017 $290,000 $20.00 ure $2.00/share 120.000 shares 130.000 shares The company has no preferred stock outstanding. Calculate the dividend payout ratio (Round any intermediate calculations and your fel answer to Ten decimal plac 06.21% 24% 46.30% O 20.00% 3