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Suppose a firm has a retention ratio of 25 percent and net income of $3.9 million. How much does it pay out in dividends? Multiple

Suppose a firm has a retention ratio of 25 percent and net income of $3.9 million. How much does it pay out in dividends?

Multiple Choice:

A. $975,000

B. $2.93 million

C. $3.90 million

D. $4.88 million

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