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Solid State Software has retained earnings of $42 million, after paying dividends of $10 million. What was the firm's payout ratio? 0.24 0.81 0.19

Solid State Software has retained earnings of $42 million, after paying dividends of $10 million. What was the firm's payout ratio? 0.24 0.81 0.19 0.29 4.20

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