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Suppose a firm has a retention ratio of 40 percent and net income of $3.6 million. How much does it pay out in dividends? $2.16

Suppose a firm has a retention ratio of 40 percent and net income of $3.6 million. How much does it pay out in dividends? $2.16 million $1,440,000 $3.60 million $5.04 million

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