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Suppose a firm has a retention ratio of 50 percent, net income of $35.1 million, and 145 million shares outstanding. What would be the dividend

Suppose a firm has a retention ratio of 50 percent, net income of $35.1 million, and 145 million shares outstanding. What would be the dividend per share paid out on the firms stock? (Round your answer to 2 decimal places.)

Dividends per Share

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