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Suppose a firm pays total dividends of $3.2 million out of net income of $27.2 million. What would the firm's payout ratio be? 8.50 .12

Suppose a firm pays total dividends of $3.2 million out of net income of $27.2 million. What would the firm's payout ratio be?

8.50

.12

11.76

1.18

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