Question
QUESTION 8 This year CVS reported net income of $1,070 million and paid out dividends of $373 million. If net income is projected to increase
QUESTION 8
This year CVS reported net income of $1,070 million and paid out dividends of $373 million. If net income is projected to increase 3% next year, what is the projected amount of dividends to be paid out next year? Assume the dividend payout ratio is expected to remain constant.
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Financial Institutions Management
Authors: Anthony Saunders
3rd Edition
007303259X, 978-0073032597
