Question
Zippy Company has 50,000 shares of stock outstanding and projects the following net income over the next four years. Year Net Income 2020 $90,000 2021
Zippy Company has 50,000 shares of stock outstanding and projects the following net income over the next four years.
| Year | Net Income |
| 2020 | $90,000 |
| 2021 | $120,000 |
| 2022 | $85,000 |
| 2023 | $135,000 |
If Zippy uses a constant payout ratio of 40% to calculate dividends, what is the divided per share for 2023?
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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
