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Suppose a firm has a retention ratio of 60 percent, net income of $36.5 million, and 215 million shares outstanding. What would be the dividend

Suppose a firm has a retention ratio of 60 percent, net income of $36.5 million, and 215 million shares outstanding. What would be the dividend per share paid out on the firm's stock? (Round your answer to 2 decimal places.)

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