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Suppose a firm has a retention ratio of 25 percent and net income of $2.9 million. How much does it pay out in dividends? Multiple

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Suppose a firm has a retention ratio of 25 percent and net income of $2.9 million. How much does it pay out in dividends? Multiple Choice $2.90 million $3.63 million $2.18 million O $725.000

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