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The equity of Firestone Inc. currently has a total book value of $1.3 million and a total market value of $3.8 million. The common stock
The equity of Firestone Inc. currently has a total book value of $1.3 million and a total market value of $3.8 million. The common stock has a market value of $36 a share. The firm has no preferred stock outstanding. How much will the dividend per share be if the firm pays out a total of $60,000 in cash dividends?
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