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Suppose a firm pays total dividends of $350,000 out of net income of $3.0 million. What would the firm's payout ratio be? .117 1.17 .35

Suppose a firm pays total dividends of $350,000 out of net income of $3.0 million. What would the firm's payout ratio be?

.117

1.17

.35

8.571

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