Question
The Daily News maintains a debt-equity ratio of.60 and follows a residual dividend policy. The firm needs $1,300 for new investments next year. The after-tax
The Daily News maintains a debt-equity ratio of.60 and follows a residual dividend policy. The firm needs $1,300 for new investments next year. The after-tax earnings this year are $1,600. What is the amount that The Daily News will pay out in dividends for the year?
Multiple Choice
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$1,413
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$1,120
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$1,080
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$788
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$600
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Financial Performance
Authors: Marc Bertoneche, Rory Knight
1st Edition
0750640111, 978-0750640114
