Suppose That A Firm Has A Retention Rate Of 45 Percent Net Income Of 18 Million

Suppose that a firm has a retention rate of 45 percent, net income of $18 million, and 88 million shares outstanding. What would be the dividend per share paid out on the company’s stock?

 A. $0.1252

 B. $0.1315

 C. $0.1175

 D. $0.1125

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