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Suppose a firm pays total dividends of $340,000 out of net income of $2.9 million. What would the firm's payout ratio be? .117 8.529 .34

Suppose a firm pays total dividends of $340,000 out of net income of $2.9 million. What would the firm's payout ratio be?

.117

8.529

.34

1.17

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