Question
XX has a market value of $90 billion. At the end of the year it had 1.2 billion shares outstanding, reported $3.6 billion of earnings
XX has a market value of $90 billion. At the end of the year it had 1.2 billion shares outstanding, reported $3.6 billion of earnings and paid $1.50/share. It also had assets of $19 billion and debt of $11 billion. What is its dividend payout ratio?
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
