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The Best Buy Inc. has declared and paid a dividend of $0.66 per share of common stock. The company does not have any preferred stock
The Best Buy Inc. has declared and paid a dividend of $0.66 per share of common stock. The company does not have any preferred stock outstanding. The information about common stock and net income is given below: Common stock (10,000 shares, $25 par value): $250,000, Net income: $30,000. What is dividend pay out ratio.
25%
30%
28%
22%
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